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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Siva Uppalapati who wrote (2631)5/15/2002 9:24:26 AM
From: MSIRespond to of 306849
 
Many lenders will give you 75% LTV on your second home.
Use that cash to pay 20% down on your primary home, to avoid PMI. Of the three I've had recent experience with, Citi was the cheapest at 4.75% for an ARM. (The others were Wells Fargo and Washington Mutual, at 7% (as of May 1st)



To: Siva Uppalapati who wrote (2631)5/15/2002 9:24:02 PM
From: Bridge PlayerRespond to of 306849
 
I really have no idea of the answers to your questions, but suggest that you contact local banks in your area to determine their policies, rather than solicit potentially ill-informed opinion on the internet.


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