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Updated about 4 years ago on . Most recent reply

Duane Hill's profile image
Duane Hill's profile image
Duane Hill
  • New to Real Estate
  • from Ohio
  • Member since Jun 7, 2021
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User Stats

3
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2
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Duane Hill's profile image
Duane Hill's profile image
Duane Hill
  • New to Real Estate
  • from Ohio
  • Member since Jun 7, 2021
Connect
Duane Hill
  • New to Real Estate
  • Ohio
2
Votes |
3
Posts
Buying & Selling Real Estate

Good guys v.s. Bad Guys

Duane Hill
  • New to Real Estate
  • Ohio
Posted

So I live in Ohio and am completely new to the real estate world. Im under contract right now, trying to buy my first property ever. Which is a duplex btw. I was approved for a conventional loan with a 3.5% interest rate a month and a week ago from today. Out of nowhere my "mortgage broker" tells me that im only approved for an FHA loan and if i switched to a conventional loan my interest rate would go up and I would need 15% down on the loan. Is this even legal???

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