Posted by James Strange on November 09, 2002 at 20:49:55:
You do realise that stated will cost you an extra .5%?
BUt if you have other factors it may still be your best way to go.
If you use the credit cards will have to explain why you used them. Maxing out you credit lines will lower you score even more. So I would recomended that you close using financing but be sure to use someone that can close in time.
Want no doc financing of less than 80%(KS) - Posted by Dale
Posted by Dale on November 08, 2002 at 18:53:32:
Heres the deal, I am buying at auction a home that will be my primary. Will put 20% down on day of sale. Closes 30 days later. I can pay in full in 30 days using credit cards or get financing before close.
Question … is it better to pay with cards at closing and then get an equity loan to pay back credit cards or finance before closing?? Property appraised at 60K… will not pay more than this.
Fico score is 690. want a no doc loan Property located in KS