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Mortgage Amount to low - what next?

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heyyoucalledme

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Post Posted: Fri Oct 10, 2008 11:37 am    Post subject: Mortgage Amount to low - what next?
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I am trying to by an investment property in indiana for under $40,000. I have a 718 credit score. I can not find anyone willing to lend less than $40,000. Any suggestions?
Mortgage_Man_X

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Post Posted: Fri Oct 10, 2008 12:00 pm    Post subject: I can Help with Your Mortgage!
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I can help with your mortgage needs. Email me!

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heyyoucalledme

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Post Posted: Fri Oct 10, 2008 1:52 pm    Post subject: Mortgage Amount to low - what next?
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Here is more info to work with. I would like to put as little down as possible, but prepared for 20%. I will not live there it is investment only. I have 2 mortgages already. Would like to cash out REFI up to 80% ASAP but realize there will be some seasoning. Still the initial problem of getting financing.
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smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Fri Oct 10, 2008 11:25 pm    Post subject:
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Hi heyyoucalledme!

Welcome to Forums!

I think you should ask the lenders why they are nor ready to give the loan. In my opinion your credit score is quite good and you are not even asking a high amount of loan. There must be some definite reasons to it.

You may even consult some other lenders as well. I have heard that this community has some lenders as their member who offer various programs for the different people. You can even consult them. You can also go for a no obligation free loan consultation from the lenders which will help you to know the kind of loans you can get.

Feel free to ask if you have further queries.

Sussane
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