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203k streamline refinance

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Sheilla Guest	Posted: Tue Aug 30, 2011 12:00 am    Post subject: 203k streamline refinance Like 0 Dislike 0 I don't have much equity in my property and I want to go for I am doing a 203k streamline refinance. Do you absolutely have to have the contingency reserve or can you do without it? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
sara Moderator Joined: 05 Jul 2006 Posts: 2694 Location: New Brunswick, New Jersey 496.42 Dollars($)	Posted: Tue Aug 30, 2011 1:03 am    Post subject: Like 0 Dislike 0 Hi Sheilla, As far as I know, you will need to include the contingency reserve. You can ask the general contractor for a 10% discount and use that 10% for your contingencies. This might work for you. Take care
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Tue Aug 30, 2011 8:31 pm    Post subject: Like 0 Dislike 0 A contingency reserve is a way to lessen the cost of breakdown on your financial difficulty. I believe that you will need it to prevent any risks from getting on your way. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker

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