I'm curious how you could get a loan for 300K for approximately $800/month although I have some debt and good credit score.
Are these loans interest only? How do they work to consolidate the existing debt? I'm trying to get a 380K - 450K loan to buy a house without paying $2200-3000 a month for the mortgage.
2007-02-27 17:20:45 · 3 answers · asked by Bebe 2 in Business & Finance ➔ Credit
You would probaly only be paying interest only for the first 3-5 years on the 300K loan.
2007-02-27 17:24:38 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I have actually never heard of the term Quicken Loan. It's not possible to get a 300K loan for only $800 per month. The numbers just don't add up. So, the catch is that you'll be paying for it at some point & most likely with a VERY high interest rate. If this is the first time you are buying your home, or even if you are in a certain profession (like a teacher), the banks will usually offer you a lower rate. You should call around or do some more research on the internet. This is a good site with a lot of helpful loan info. Good luck! http://loan.divinfo.com/
2007-02-27 23:23:51 · answer #2 · answered by Reenie 3 · 0⤊ 0⤋
dear frnd now u can get ur loan very easily.......
2007-02-27 19:38:22 · answer #3 · answered by boo v 1 · 0⤊ 0⤋