Comments on: Payday Loans by Mayday Payday

By: jsisco0520

jsisco0520 — Sun, 27 Dec 2009 07:09:37 +0000

Don’t confuse the details of these loans. You can borrow a max of 97.75% of your home’s value with an FHA insured loan for a purchase or a No Cash Out rate/term reduction Refinance. If you want cash out you’re maxed at 95% of your home’s value.

By: fitnessnews

fitnessnews — Sat, 26 Dec 2009 09:57:57 +0000

This is valuable information for a home buyer who needs to have a basic understanding of home loans. Buyers need to know this so they are not taken advantage of by unscrupulous lenders and sellers can use the information so they understand how financing will affect their home sale.

By: jsisco0520

jsisco0520 — Sat, 26 Dec 2009 08:43:02 +0000

If you qualify for VA benefits you can purchase with out a down payment and not have monthly mortgage insurance. There is a funding fee to use these benefits, which can be borrowed on top of your base loan.

By: tulsarealestate

tulsarealestate — Sat, 26 Dec 2009 03:48:29 +0000

good clarification.
thanks for adding that valuable input.

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Gracezxasdq — Sat, 26 Dec 2009 03:33:41 +0000

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