05-05-2008, 03:12 PM
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.
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.