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wildstorm_films Joined: 22 Aug 2007 Posts: 131 8.66 Dollars($)	Posted: Tue Sep 04, 2007 5:06 am    Post subject: Quote: Hi Wildstorm, With the annual income around $30K, one can get a loan from many organizations like Freddie Mae, FHA, MyCommunity and ACORN housing. The loan program with ACORN housing provides loan with lower interest rate and also lower down payment. MyCommunity loans are available with 100% financing with lower amount of down payment. Yes of course if you have great credit scores. If a person makes $30k a year or around that its not going to help them get a loan. Well let me rephrase that. It could because its showing the lender that this person may have the ability to pay back the loan, but its better to make more money yearly and have a great to excellent credit score.
Owen Guest 0.10 Dollars($)	Posted: Tue Sep 04, 2007 11:02 am    Post subject: How is it that one gets 100% financing and at the same time pays lower down payment? I thought 100% financing meant no down or zero down loans.
wildstorm_films Joined: 22 Aug 2007 Posts: 131 8.66 Dollars($)	Posted: Tue Sep 04, 2007 11:05 am    Post subject: Quote: How is it that one gets 100% financing and at the same time pays lower down payment? I thought 100% financing meant no down or zero down loans. I guess it depends on what company you deal with. Thats my thinking anyways.
miller_st Joined: 17 Jan 2007 Posts: 917 168.82 Dollars($)	Posted: Tue Sep 04, 2007 4:35 pm    Post subject: Wildstorm, 100% financing also known as 100% ltv loan does mean that the borrower won't have to make any downpayment. Miller
wildstorm_films Joined: 22 Aug 2007 Posts: 131 8.66 Dollars($)	Posted: Tue Sep 04, 2007 7:03 pm    Post subject: Quote: Wildstorm, 100% financing also known as 100% ltv loan does mean that the borrower won't have to make any downpayment. Miller Oh. Well I just woke about 15 mins before I posted that so i wasn't thinking straight lol.
miller_st Joined: 17 Jan 2007 Posts: 917 168.82 Dollars($)	Posted: Tue Sep 04, 2007 7:27 pm    Post subject:
liaoyu03 Joined: 09 Sep 2007 Posts: 198 7.29 Dollars($)	Posted: Sun Sep 09, 2007 9:15 pm    Post subject: Im in Mortgage business for a while now, so i thought id share what i know guys if you have any questions id be more then glad to answer all of them. If you have a mortgage even better i could give you a hand on what to do and how to save some money if possible
Caron Moderator Joined: 19 Jul 2005 Posts: 1428 Location: florida 240.05 Dollars($)	Posted: Mon Sep 10, 2007 5:38 am    Post subject: RE: Hi Liaoyu, Thanks for sharing your knowledge with us here. I hope you like our community. Good luck in whatever good you do _________________ Mortgage Shopping made easy with booklet

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