workinninetofive Posted January 8, 2005 Report Share Posted January 8, 2005 Hi, how is a little less than 6% for 100%, stated income, 3% closing cost?Have you heard of any low docs that allow you to purchase pre construction? Everything that I like is being built. I'm not trying to "flip" the mortgage... I just want to get into something that is priced reasonably and hasn't been flipped. =( Link to comment Share on other sites More sharing options...
firstsource Posted January 8, 2005 Report Share Posted January 8, 2005 6% is a great rate, is it a 2 or 3 year ARM? I would suggest that you find out pricing on a 5 year, as historically, people move or re-finance every 5-7 years. You can get a construction to perm loan- that may be what you are looking for. Charles Link to comment Share on other sites More sharing options...
workinninetofive Posted January 8, 2005 Author Report Share Posted January 8, 2005 I will have to find out the ARM, its through Countrywide. Link to comment Share on other sites More sharing options...
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