- This topic has 30 replies, 5 voices, and was last updated 16 years, 5 months ago by
moneymaker.
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June 14, 2009 at 9:09 AM #416082June 15, 2009 at 6:39 AM #415773
Ren
ParticipantGreat information, thanks for taking the time!
But once I’ve got one property, I’ll need 30% equity to get a loan on another property, correct? Doesn’t that translate to needing 30% down on each property, even though it’s not required?
If I can get away with 20-25% down on each property, even if it means paying slightly higher interest, I’m okay with that.
June 15, 2009 at 6:39 AM #416012Ren
ParticipantGreat information, thanks for taking the time!
But once I’ve got one property, I’ll need 30% equity to get a loan on another property, correct? Doesn’t that translate to needing 30% down on each property, even though it’s not required?
If I can get away with 20-25% down on each property, even if it means paying slightly higher interest, I’m okay with that.
June 15, 2009 at 6:39 AM #416269Ren
ParticipantGreat information, thanks for taking the time!
But once I’ve got one property, I’ll need 30% equity to get a loan on another property, correct? Doesn’t that translate to needing 30% down on each property, even though it’s not required?
If I can get away with 20-25% down on each property, even if it means paying slightly higher interest, I’m okay with that.
June 15, 2009 at 6:39 AM #416336Ren
ParticipantGreat information, thanks for taking the time!
But once I’ve got one property, I’ll need 30% equity to get a loan on another property, correct? Doesn’t that translate to needing 30% down on each property, even though it’s not required?
If I can get away with 20-25% down on each property, even if it means paying slightly higher interest, I’m okay with that.
June 15, 2009 at 6:39 AM #416494Ren
ParticipantGreat information, thanks for taking the time!
But once I’ve got one property, I’ll need 30% equity to get a loan on another property, correct? Doesn’t that translate to needing 30% down on each property, even though it’s not required?
If I can get away with 20-25% down on each property, even if it means paying slightly higher interest, I’m okay with that.
June 15, 2009 at 6:52 AM #415778Anonymous
GuestThis is great information HLS.
Can you share what lender you are working with? We are strong borrowers and I am very interested in this.
June 15, 2009 at 6:52 AM #416017Anonymous
GuestThis is great information HLS.
Can you share what lender you are working with? We are strong borrowers and I am very interested in this.
June 15, 2009 at 6:52 AM #416274Anonymous
GuestThis is great information HLS.
Can you share what lender you are working with? We are strong borrowers and I am very interested in this.
June 15, 2009 at 6:52 AM #416341Anonymous
GuestThis is great information HLS.
Can you share what lender you are working with? We are strong borrowers and I am very interested in this.
June 15, 2009 at 6:52 AM #416499Anonymous
GuestThis is great information HLS.
Can you share what lender you are working with? We are strong borrowers and I am very interested in this.
June 15, 2009 at 7:03 AM #415788moneymaker
ParticipantI say work 2 or 3 loan applications at the same time. This is the only way to get true competition among lenders. Without doing this you cannot say “so and so will give me this what can you do?” Otherwise the 2 big uglies will rise up, emotion and time constraints. This worked beautifully for me.
June 15, 2009 at 7:03 AM #416027moneymaker
ParticipantI say work 2 or 3 loan applications at the same time. This is the only way to get true competition among lenders. Without doing this you cannot say “so and so will give me this what can you do?” Otherwise the 2 big uglies will rise up, emotion and time constraints. This worked beautifully for me.
June 15, 2009 at 7:03 AM #416283moneymaker
ParticipantI say work 2 or 3 loan applications at the same time. This is the only way to get true competition among lenders. Without doing this you cannot say “so and so will give me this what can you do?” Otherwise the 2 big uglies will rise up, emotion and time constraints. This worked beautifully for me.
June 15, 2009 at 7:03 AM #416351moneymaker
ParticipantI say work 2 or 3 loan applications at the same time. This is the only way to get true competition among lenders. Without doing this you cannot say “so and so will give me this what can you do?” Otherwise the 2 big uglies will rise up, emotion and time constraints. This worked beautifully for me.
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