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Lily

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muppies2 Joined: 05 Jan 2011 Posts: 2 1.56 Dollars($)	Posted: Wed Mar 09, 2011 5:05 am    Post subject: Lily Like 0 Dislike 0 What do you do when a bank represents that that loan 70-75% LTV upfront and you submit all docs, the place is appraised and the bank offers you a 57% LTV. What is my recourse?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Wed Mar 09, 2011 7:25 pm    Post subject: Like 0 Dislike 0 Hi muppies, You will have to offer the bank with 20% of the down payment and you can receive rest of the amount as a mortgage from the lender. You should contact your lender and ask him to clarify the whole matter. If the lender does not give you satisfactory clarification, you can even change your lender. _________________ Procrastination is the enemy of your financial success
rachard1583 Joined: 18 Oct 2010 Posts: 18 4.15 Dollars($)	Posted: Thu Mar 10, 2011 2:37 am    Post subject: Like 0 Dislike 0 As central banks are not currently able to do anything to cool down inflation without affecting the recovery, commodity and food prices are likely to keep rising. [Url Deleted as per forum rules. Thanks]

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