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Jul. 23rd, 2003 | 03:13 pm

So I spoke to my friend who works for countrywide and she took my loan application. Alas, my credit was too good and she needed to transfer me to the people who handle "prime" loans. (She was allowed to tell me that my rating was "just shy of 800" points).

She did also provide me information of comparable properties in the same complex it turns out, and there deal isn't quite as good as previously thought. So hopefully I can shave around 10K off of the price they're asking me for.

Aparently it's also good to have at least 5% down of which I'm only a few thousand short. (There's another break at 20%, but it's going to be a long time before I have $40,000 in the bank).

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Diane Trout

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from: alienghic
date: Jul. 23rd, 2003 05:00 pm (UTC)
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Thanks for the advice, several other people have offered suggestions as well. I did do a little on-line searching and had turned up a few recommendations. Theres some other references I should read, but it might be challenging to find the time.

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