<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hummer destroyer:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by ChuckE:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hummer destroyer:
FWIW, that 32K is about 1/2 the cost of a NEW BUILD home around here. </div></BLOCKQUOTE>
and FWIW (For What It's Worth), so what?
$32K would not even cover the typical down payment on a house loan around here. But so what!
You live in a cheap area, but so what? </div></BLOCKQUOTE>
Not my fault you live in an overpriced Yuppie Hell. And if you cannot get a Loan with 32K down, you must hvae a FICO score around 500.
Seeing as mine is around 700, and I got approved for 110K with 2K down, 5% fixed for 15 years.
EVEN WITH a Fico score around 450, you should be able to get a loan for at LEAST 320K with a 32K downpayment. 10% is usually the norm. Sounds like you have one of those "Interest Only" Loans happening. </div></BLOCKQUOTE>
FWIW, nobody gives a flying fudge what you got approved for!!!