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Financing in Valencia : Real Estate Advice

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  • Local Info11
  • Home Buying29
  • Home Selling2
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Activity 2
Tue Jun 8, 2010
Emelia Sanchez answered:
Michael,

Every plan is different VA does not allow some of the expenses to be paid by the borrower, but has a higher interest rate. FHA you need 3.5% down plus MIP gets factored in to the loan. I don't know what other product they offered you. Lenders must now disclose everything because of all the predatory lending in the past. Yes it is confusing but the best person to have clarified your concerns was the lender. If the lender was so unapproachable that you did not feel comfortable asking the WHY questions just find another one. ... more
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Wed Dec 2, 2009
Dot Chance answered:
Cassie, you will probably want to check with your broker to see how he/she wants you to word this.

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Dot
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