“I spent years as a mortgage banker at Quicken Loans (now Rocket Mortgage), the number one mortgage lender in the country, before I ever went to law school.
So when I see stories like this, I look at them a little differently.
- “How you classify a property as a primary, secondary, or investment home changes everything about the loan.
The down payment, the interest rate, the underwriting, all of it.
What @TishJames is accused of doing is straight-up fraud, lying to secure favorable terms.
- “Primary or secondary homes can get by with as little as 3 to 10 percent down.
- “Investment properties usually require 25 percent or more.
What @TishJames is accused of doing is straight-up fraud, lying to secure favorable terms.
Sev Onyshkevych - Exactly. Trump's "crime" was not a crime and his valuation had zero to do with the terms of the loan.
Hers is for real.
#FAFO
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