Quote:
Originally Posted by thinkxingu
Did I miss something? Where does it say "no money down"?
I also used MVSB, and worked with Lori Borin. Great people.
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Yes you did. Basic math: Home price $300,000 + boat of $50,000 and $50,000 for improvements. mortgage loan he is seeking is $400,000. Basically, the person is asking for a loan well in excess of the $300,000 home purchase price.