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Does this Sound Right?


gravelgirl66
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I spoke with a mortgage broker, and he said the handle only 'bk' loans. he asked me a few questions

he said, i could get 100 % financing with a middle score of atleast 580. and no pmi.

something about and 80/20? so does that mean i have two mortgages? and that i could get financing up 90k.

and that i would need 3-5 down possible or they accept seller paying up to 6% closing.

and that the tradelines i had were okay. - does this sound right...

with a interst of around 7%. i dont have a clue about this stuff....

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Contrary to popular belief there is an abundance of mortgage financing available to people who have filed bankruptcy, have prior bad credit, in Chapter 13, etc. These firms look for current stable income and of course change substantially higher rates to offset the risks.

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