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We already discussed how a VA Jumbo loan works in places where the conforming loan limit is higher than $417,000. These are typically the “no money down” VA Jumbo loans.
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In few months time, I purchased eight houses – many with loans from the same wholesale lender. These lenders really needs been about all of the debt Acquired building, but they kept approving loans, dependent upon my good credit and rents covering the mortgage payments. One the biggest problems, when i was not experienced enough to detect, was that many of the rents were just $50 to $100 above the mortgage payment.
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