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Nov 12, 2024
8:50:13am
stoils Truly Addicted User
Ask the loan guy if the rate changes with the different loan amount
Don’t just speculate. Have him run it both ways.

I had a situation, not the same but a little bit of the same concepts, where I was buying a $300K house and had like $260K. So I needed a loan no matter what. I got an 80% loan and received negative points (covered all my closing costs) and a really high interest rate, then paid off most of the loan right away and the rest of the loan over a pretty short period. It was great!
stoils
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stoils
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Jan 12, 2007
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Nov 13, 2024
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