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

To: David Jones who wrote (14998)	11/12/2003 4:51:00 PM
From: JBTFD	Respond to of 306849

I would think that depending on the other variables, such as credit rating and income, that a low LTV would help you qualify for as low a rate as is available. I guess you'd need to shop it around. The reason there is not a bigger premium is that in the worst case the house goes to auction, there is a lot bigger chance of someone buying it for more than the credit bid if it is low compared to the value of the house. Then the first holder would just get his cash back, he wouldn't get the house.