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Company Loan Type APR Est. Pmt.

203k streamline refinance

Posted on: 30th Aug, 2011 12:00 am
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?
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
Posted on: 30th Aug, 2011 01:03 am
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.
Posted on: 30th Aug, 2011 08:31 pm
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