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Mortgage / refinancing question
#8
The reason we didn't get just one loan at the lower rate was because lenders would not finance more than 80% of the value of the property on one loan. Since we did not have 20% to put down in cash we had to get a second loan on the remainder.

I imagine lenders are even less willing to finance more than that now so I don't see how we could qualify for a bigger loan today.
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Messages In This Thread
Mortgage / refinancing question - by mikebw - 05-05-2008, 02:41 PM
Re: Mortgage / refinancing question - by Michael - 05-05-2008, 02:51 PM
Re: Mortgage / refinancing question - by mikebw - 05-05-2008, 02:52 PM
Re: Mortgage / refinancing question - by mikebw - 05-05-2008, 02:54 PM
Re: Mortgage / refinancing question - by Jem - 05-05-2008, 02:57 PM
Re: Mortgage / refinancing question - by SDGuy - 05-05-2008, 03:07 PM
Re: Mortgage / refinancing question - by mikebw - 05-05-2008, 03:12 PM
Re: Mortgage / refinancing question - by mikebw - 05-05-2008, 04:19 PM
Re: Mortgage / refinancing question - by $tevie - 05-05-2008, 06:15 PM
Re: Mortgage / refinancing question - by davester - 05-05-2008, 10:45 PM
Re: Mortgage / refinancing question - by mikebw - 05-06-2008, 04:27 AM
Re: Mortgage / refinancing question - by davester - 05-06-2008, 05:40 AM
Re: Mortgage / refinancing question - by mikebw - 05-06-2008, 06:16 AM
Re: Mortgage / refinancing question - by davester - 05-06-2008, 05:54 PM

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