“It's only 1% of the purchase price, but I'm here to bust that myth that it's not exactly zero money down. There is still a funding fee that you have to use.”

The Financial Independence Show · Retired at 37: The Quiet Millionaire | Lucy Hinds

Play from 5:44
5:44

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What was described

put a larger down payment on a VA loan to get a lower interest rate despite being able to do zero-down

1% funding fee

Said nearby on the same subject

“SolarSaber, our package, is one of the ways to be able to do that, to be able to offer low interest loans through ECA and through them accessing, for example, a rates assistance scheme”
♫
Said on The SME Stream
Why it worked Share this moment
“If the rates are up 50%, we'll go interest only for five years. And basically hope in five years when the loan expires, rates will be back”
RB
Rob Buccini
The Macro Dirt Podcast ·
Pricing rates up 50%, interest only for five years Share this moment
“You get 100 basis point decline in mortgage rates, you're almost down 10% in monthly payment.”
♫
Said on On The Tape with Danny Moses
Hard number 100 bps decline → ~10% monthly payment drop Share this moment
“I just got an unconditional approval for a loan and signed loan docs on Saturday. It's a $6.5 million loan and it was split into two portions, one at 6.14% interest only investment and one at 6.34%. So we guarantee our rates at 6.1%.”
JH
Jack Henderson
Asset Rich with Jack Henderson ·
Why it worked $6.5 million; 6.14%; 6.34% Share this moment

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