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It is case by case but it seems like when you are under 100k the 9% is harder to negotiate as a concession from the seller.
The real factor is how much equity they have and what they listed it for and whether there is room or not.
Lately I have used MCM over FHA depending on the DU result. I usually give the borrower both and let them choose. Tell them the ins and outs of both.
__________________ Greg Phillips Manager Fairfield Mortgage Company Web : Home Forums Blog
Last edited by Greg; 05-15-2007 at 08:18 AM.
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