Posted on 09/07/2010 7:24:42 AM PDT by STD
Hi FReepers,
I was reading on FR about a new loan package which featured downpayments as low as 3%. Can anyone help me locate that post, it's author, or a bank participating?
Thanks Sisters & Brothers, we'll get through this together guys!
ya...ask a lending company...see what they charge to refinance ...fees can be expensive..are you really saving anything by the time they tac it on the end of your loan?
Are you in banking or finance?
Use bankrate.com to find lenders in your area, with differing rates and points.
Fanniw Mae or Freddie Mac reo properties are offered with as little as 3% down, no mortgage insurance or appraisal required. These are not the most attractive properties but nothing is free.
no and all i own is paid for..but i do have friends and family who refinanced...if your cost to refinance cannot be recovered in a couple of years or you dont have a sure thing job..and your interest is already at 5 % then why do it..unless its to consolidate. one thing is for sure if a person does not have a job then they can’t make even a 10 dollar mortgage payment...congress doesnt seem to grasp this.
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