i went to a lender today he approved me for a $60,000 loan with a interest rate of 6.5 and said he could get

Asked by Carlos, Miami, FL Wed May 13, 2009

me $5000 bond and 2500 mmap that i could use toward closing or downpayment then he said my closing cost would be $4600 which i could use from the $7500 and all i would need is $2500 at closing since i am going to be a first time homebuyer using fha 3.5

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Michael Mess…, , Lakewood Ranch, FL
Wed Oct 27, 2010
This senario can be done. Did you take the 1st time homeowner class? If not, be leary.

Michael Messineo
Nola Lending
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Kellen Gracey, , 33304
Thu May 14, 2009
Hey Carlos,

I'm confused as to what your question is in this scenario, but would love to help you out. If you are a first-time homebuyer, you might be getting a good deal. However, interest rates right now would allow for you to get a better rate than 6.5, depending on the lender you are using. If you are doing all the legwork yourself and not using a mortgage broker, you should consider one.

Feel free to contact me, I'd love to help you out with any financing needs you may have.

Kellen Gracey
Mortgage Professional
BayBurg Financial
(386)237-7231 Cell
(954)764-7064 Office (Ext. 214)
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