Can anyone tell me if this is a good loan please take into consideration I have had a problem obtaining a loan due
them telling me my credit score is between 580-620
i have very little credit history and only a few debts due which are recent. This loan was offered by someone I know working
with mortgages. I also am applying for no doc loan as I have my own business but have very little business income to show and due to situation where my tax returns have been unfiled
pending proper execution of estate taxes and court settlements which will be reflected on my returns and lack of ability hire someone to complete the returns acurately
it was offered to me for a 200,000 loan
it says conventional fee simple purpose of loan purchase
interest rate 10.750 arm 5/1 no months 360/360
first mortgage payments monthly 1,866.96 estimated prepaid items 1,791.67 which is interest for 30 days @ 69.7222 per day estimated closing costs 12,914.00 cash from /to borrower
185,294.
2007-12-27
04:48:36
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3 answers
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asked by
Barbara H
2
in
Personal Finance