Loan scenario: CA, $59,000, 680, 8% LTV, Purchase, full, OO
Property type: OTH
Loan purpose: Purchase
by Seven August 27, 2012 3:54 PM
What I am looking for is a loan to buy a lot that is located next to my customer's home.
purchase price is 70,000
by Seven August 27, 2012 3:56 PM
So.....it's not 8% LTV, but closer to 85% LTV on a lot loan? That is a pretty significant misrepresentation. Good luck with this, but basically.....don't believe anybody who says they can do this.
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Not sure exactly what you are looking for based on the comments for this loan scenario. Just wish people would be more literate who are posting huge responses on bahalf of lenders who are supposed to be legit. Crazy!!!
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