Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

203k streamline refinance

Posted on: 30th Aug, 2011 12:00 am
i don't have much equity in my property and i want to go for i am doing a 203k streamline refinance. do you absolutely have to have the contingency reserve or can you do without it?
Hi Sheilla,

As far as I know, you will need to include the contingency reserve. You can ask the general contractor for a 10% discount and use that 10% for your contingencies. This might work for you.

Take care
Posted on: 30th Aug, 2011 01:03 am
A contingency reserve is a way to lessen the cost of breakdown on your financial difficulty. I believe that you will need it to prevent any risks from getting on your way.
Posted on: 30th Aug, 2011 08:31 pm
Page loaded in 0.107 seconds.