100 Percent Financing?
My Father and I are going in together on a home. He is 47 years old with a mid credit score of 776 and I am 22 with a mid score of 670. My mortgage broker has informed me that we qualify for just about any type of financing we are interested in. I am going with 100 percent financing on a $ 170,000 dollar home. What kind of interest rate would be the best possible rate I should be looking for with such good credit? I am currently living in Great Falls, Mt if this matters! Also I will be purchasing a two to four unit home in order to have that extra help with my Mortgage payments as so not to fault as so many have been recently! Oh. . .and I am not going to put a down payment on my home. Nor am I considering it, I do have the money, but I am keeping it tied up in other more profitable ventures and can be used in need of emergency! So please do not lecture me on what I am doing wrong I simply want to know what the best possible rates on this loan would be. Thanks y’all!