The New "What did you do with your Z today" (with off topic replies) XXIX

Originally Posted by Pintsize725 Is a 5.43% mortgage loan bad if we aren't putting a down payment? "5.43% mortgage loan $115 million available Down Payment Assistance available (4 points provided

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The New "What did you do with your Z today" (with off topic replies) XXIX

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08-15-2018, 10:27 PM

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jwick

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The New "What did you do with your Z today" (with off topic replies) XXIX

Quote:

Originally Posted by Pintsize725

Is a 5.43% mortgage loan bad if we aren't putting a down payment?

"5.43% mortgage loan
$115 million available
Down Payment Assistance available (4 points provided through a 30 year, fixed rate, non-amortizing, 0% interest second loan that is due on sale of property or refinance of mortgage loan)"

Edit - need more information as I’m not familiar with this type of loan. That second loan balloon payment would worry me.

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Last edited by jwick; 08-15-2018 at 10:31 PM.

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