Interes only 100% ltv mortgage?
137854
This type of mortgage refers to paying the interest portion only of the monthly mortgage payment. The principal will be left on what you owe the lender. 100% LTV means you will not be puting any money down. You will be financing the entire sales price and would only need to bring in money for your closing costs. Sometimes Sellers can help with those costs as well. If you need any more help just email me: jclark@progressiveloan.com
285904
Okay....let's please all stop giving this poor person wrong answers.  An 80/20 loan is NOT where you put 20% down on the home.  This type of loan refers to two separate mortgages.  The 1st mortgage secures 80% of the purchase price, then the 20% takes care of the remainder.  Example:  $100,000.00 purchase price.  1st mortgage @ 80% is $80,000.00; then the second mortgage @ 20% is $20,000.00, thus giving you a total of 100% financing.\n\nAlso...bankrate.com is not a good source of info on different types of mortgages.  There is nothing wrong with this type of financing when you do not have the type of money tp put down on the home.  Very good choice.  Although you may get a better rate on a government loan (FHA/VA) and you only have to secure 1 mortgage.\n\nIf you would like to know some more about this type of financing or other types, please contact me at timothy.kazee@americanhm.com. and we can talk further.  You can also visit my website at www.americanhm.com/timothy.kaz ee.  Feel free to apply online there also.  Great question!!!!!!
217256
need more information to answer your question, I am a mortgage broker, just e-mail me with more specific information and I will try to help you with you question
748092
Check with your current mortgage company, or with the new mortgage company.  See if they offer the bridge loans.  You could also ask your realtor, if there is one involved in your transaction.  To find a lender, if you haven't already, try a yellow book listing, and call and interview a couple companies to find out the terms that are available for you.  Good luck!
569833
Hey Dude,\n\nThe usual answer is: it depends. Here is a summary of the loan types you are talking about:\n\n80/20: This is a no down payment loan at 100% of the purchase price. This loan will avoid having to pay PMI. The rate on the second is typically higher than the rate on the first mortgage.\n\n100% Single loan: Can't think of a good reason to have it since you have to pay PMI that is not tax deductible. On the 80/20 loan you can deduct the interest. You would have to wait until the loan balance is 78% of the property value before you can get it removed.\n\nFHA: this can be a great loan if your credit is a little shaky. You need to put 3% down, or have the seller be willing to work with you on a down payment assistance program. If you can't qualify for good rates on the 80/20, you may still get good rates on the FHA. If you have good credit, then this is not a good loan to have as you will have to pay MIP (Mortgage Insurance Premium).\n\nJohn Visser
1137569
if your PMI exceeds 400 a month- something is wrong--check with a mortgage Broker- who represents different lenders- and get an opinion of you mtg deal- sounds like you got a less than wonder full mtg deal--perhaps because of poor credit ratings-- or maybe the home was bought for no down payment-some of these seem attractive-yet can be very costly because of high interest rates or added extras like PMI- go to a broker or bank ASAP- don't wait to find out what can be changed- do it ASAP- and hopefully- someone can find you a better deal, right now !!! i am a retired CPA & CFP and a former bank auditor--if i can be of further help to you- holler back at me- good luck to you !!
996091
Hi I work for a mortgage bank people with good credit  700 and above going full doc (W2 etc.)  0 x30 ( no lates) on your mortgage  no bk  good clean credit you are in the range of 6.75 with no PMI or MI even over 80 ltv this is a 30 fixed mortgage with no buy downs (read GMAC & quicken fine print) If you have any other questions please email at johng@oldmerchants.com
625098
What is your definition of terrible? There is always a loan out there but getting it can require out of pocket funds to qualify. If your credit is really bad most lenders will not finance a 100% purchase so you'll need to come into the deal with funds for the down-payment and closing costs.\n\nGive me a call or drop me an e-mail and we can go over your specific scenario.\n\nKruorock@firstratelending.com\n866-562-6838 x 106
467232
You are refering to financing known as a Lot Loan.  LTV's on lots can go as high up as 80-85%.  A very common loan on a lot is a 3 year balloon.\n\nA way to get higher LTV's on property alone is to find out which banks will allow for seller held second mortgages.  Some banks will be more lenient then otheres.
88672
Contact your state Banking Department.  They will have information on your state's lending practices.  If your mortgage has such a restriction, it will be worth your time to refinance and get a lower rate and no mortgage insurance.  Good luck!
421325
This is a little known mortgage option, cause there's unknowns.  The index that the interest rate is following is hard to look up.  I would not take this mortgage.  A fixed 15 or 30 year is better.  If you need to take on an adjustible, try a hybrid 5/1 interest only.\n\nhttp://www.bankrate.com/brm/news/Drdon/20050916a1.asp
972862
Assuming you're paying no points, a 4% DOES NOT EXIST on a 30 Yr fixed rate mortgage.  The par rate (industry lingo for no points) is around 6.250%.\n\nThe poster's question looks suspiciously like an advertisement for the website.  I can't provide any proof, but I see it all the time on different message boards where the poster poses a question as if he/she is a consumer, and then provides a link to the website just to get people to visit.
977405
It seems like you have equity in your own home. If that is the case, then use hard money lenders to finance 65% of your deals and use a HELOC on your home to finance the other 35%.\n\nRegards
446801
depending on your credit scores and payment history all conforming lenders and many sub-prime lenders have interest only mortgages. A word of caution. They will recast the loan at some point and you will have to pay the piper. So make sure your home is in an appreciating market not one that is stagnate or even worse declining
286641
Since your from Canada maybe it's different here in US. But I can tell you here in the US, applying for a lender that offers refinancing and at the same time offers interest only payments are getting more and more popular. Maybe you need to try a different bank or lender to get that deal. The only way lenders will turn you down is if you exhausted already most of your equity of your house. Also, try looking into "Open Equity Line of Credit".
59180
I am actually a mortgage consultant. There are a few options for you. You could use a lender that does straight out 100% financing. Or, what is very common these days is doing an 80/20. You take out a mortgage for 80% of the sale price, and another for 20%, this would remove the problem of PMI(Private mortgage insurance) which is required if the loan is more than 80%. Now, if you have great credit, this shouldn't be tough to do. But, you will need money for closing and prepaid items. I am not sure which state you reside in but I will put my link below. If you want to goto it, and put your info in, I could email you, and give you some more info. I do not write loans in all states, but if you live in a state where I cant do anything, I could point you in the right direction. Bare minimum, I could give you some handy information.
46624
I assume it's a CitiBank mortgage. If so, go to https://web.da-us.citibank.com/cgi-bin/citifi/portal/l/l.do \n\nThats the link to My Citi you should be able to do what you want there.