All Topics / The Treasure Chest / How to borrow 100% without paying mortgage insuran

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  • Profile photo of bensonbenson
    Participant
    @benson
    Join Date: 2003
    Post Count: 101
    September 10, 2003 - 2:23 pm

    I guess their are unscrupulous ways as well, as discussed in this article.

    http://www.jenman.com.au/NewsNews1.php?id=117

    This is not a recommendation just thought u would be interested to see how some people may be doing it.

    Ben.

    Profile photo of battz71battz71
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    @battz71
    Join Date: 2003
    Post Count: 95
    September 10, 2003 - 2:35 pm

    I suppose that is why the banks have the properties independantly valued. I can see the “for” agruement, that if the bank believes that the property is worth say $280k, yet the buyer has managed to purchase it for $250k, he buyer has simply negotiated a good deal.

    I do accept that it does seem to border on fraud by telling the bank you paid $280k for it when you actually paid $250.

    Battz

    Profile photo of Most excellentMost excellent
    Member
    @most-excellent
    Join Date: 2003
    Post Count: 100
    September 10, 2003 - 10:52 pm

    Hiya

    My advice is , be patient & do not be in a position where your bordering on mortgage insurance perameters. That way you’ll enjoy the POWER & CONTROL of being on the front foot !

    Good Luck [:D]

    Michael
    just be

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