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what would mortgage be on 350k loan

by raylynn_401252 from Albuquerque, New Mexico. 18 days ago Reply


Charlie Sparks (CharlieSparks)
#9 ranked lender in New Mexico - 396 contributions

Do you mean, what would the payment be?

18 days ago
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Yeah, what Charlie Sparks said.

18 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,044 contributions

Much more info needed to answer your question.. First, is the loan amount $350K or is this the sale price? What's the property worth? How much are you putting down? What's the loan to vlaue? Credit scores? Occupancy? (owner occupied, investment, 2nd home, etc.).. What's the property type? (SFH, Manufactured, Duplex, Acreage, etc.).. I could go on.. but really , much, much more info needed to properly answer your question.. For this reason, I suggest you get off the internet, pick up the phone and contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

15 days ago
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