[new to SD]

I was hoping there may be a reader who has access to financing terms below 11% with 20% to 25% down?

Answer to questions:

-It was a business decision(like any other uninsured event*) and Wells Fargo signed the same contract I signed
-I knew the default would take three years to fix my FICO.
-I save 30% of what I make, donate 5% and and work 6-7 days a week

* Ask your self if you would you hand the bank the property if you had a mud slide, sink hole or uninsured catastrophic earthquake

[new to SD]

Thank you for the feedback and I am sorry you feel a business decision with my bank should be a moral decision.

I completely own that I followed the loan agreement and own the fact that I deserve a drop in my FICO

[new to SD]

I will tell you my logic when I followed my loan contract and avoid the moral decision

My past mortgage was 6% fixed and I could not get a refinance because it was underwater.

Today with my bad credit I will pay 10% or 11%. This is 4% over my old loan. This will cost me an extra $20,000 to $25,000 a year but it is tax deductible.

After a 40% tax benefit that cost me $12,000 to $15,000 after tax more per year. It would take 8 -10 years of a 4% higher interest rate to make up for the $120,000 negative equity

I feel I will be able to refinance in two years for another 6% mortgage.

I can get 11% today but hoping for 9% or 10%.

[new to SD]

Thank you for the feedback

[new to SD]

Thanks for the reply. I can put 20% – 25% down. I need to borrow $500k to $700k and my Short sale was finalized in September last year.

[new to SD]

Will this lender lend to a FICO score below 600? I had a short sale and it is taking longer than planned to get my score up

[new to SD]

We also have been waiting to buy and are new to SD. We are looking but there is not much available.

Are there any areas in Encinitas, Rancho sante fe or Carmel Valley that have 1 acre that you would recommend?

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