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Financing in Ocean Pines : Real Estate Advice

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Activity 1
Tue Feb 7, 2012
Charlotte Powell answered:
No, that won't work. You need to put 20% for most conventional mortgages and the real issue is the appraisal. A home priced at $220,000 will not appraise for $100,000 more. Also, there are mortgages available with less than 20% down. I am an Ocean PInes agent, so let me know if I can assist you. You may want to talk to a local lender for more options. ... more
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