Thanks for the comments
I know how much the broker is making 1%. He was upfront about it. I don't
have a problem with that. I just wanted to see if I could borrow the money
for a smaller interest rate.

I have emailed one or two from the paley.com site but they did not reply.
Thanks anyway.
Steve

"John Staplier" <john_staplier[at]hotmail.com> wrote in message
news:7e6b74c5.0310281159.1d4447e6[at]posting.google.com...
- quote -

Ask the broker, "are you making anything on the back?" If he says no,
tell him to put it in writing ("uhh, well I can't do that" THEN WALK).
If he says yes, remind him that, since the refinance boom is over,
there are 1000's of starving morgage brokers who would be happy to
sell a PAR loan.

axservice[at]aol.compliance (John H. Fisher) wrote in message news:<20031026093112.11022.00001682[at]mb-m14.aol.com> ...
- quote -

In article <bng9h4$111b0i$1[at]ID-66999.news.uni-berlin.de> , "steve"
<steve4836noreply[at]lycos.co.uk> writes:

- quote -

Check out this resource. It has links to US lenders as well as UK sources:

http://www.paley.com/index.php?keyword=Mortgage



"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

I am purchasing a residential property in the US.
I have been pre approved for the mortgage, I only want 65% of the purchase
price. My mortgage broker reckons I am looking at interest rates of around
5.5% fixed for 5 years. This is not so bad in a global sense but as I am
from the UK I cannot get the lowest funds that a US resident could get -
according to my broker.
Does anyone know if there is another way of funding the purchase that my
broker is not telling me that would reduce the interest payments? I need
$130,000.

Thanks


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