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Is borrowing under $100k for a mortgage going to trigger penalties?

I was speaking with a DiTech rep. today and he told me that if I borrowed $90k towards a $240k home, Id have a higher interest rate and that I should take out a $100k loan to avoid that rate, as if Fannie Mae would penalize me. Is this true? And why is Fannie Mae all up in my business? There…



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Is borrowing under $100k for a mortgage going to trigger penalties?

https://ayariadna0885.livejournal.com/2078.html

I was speaking with a DiTech rep. today and he told me that if I borrowed $90k towards a $240k home, Id have a higher interest rate and that I should take out a $100k loan to avoid that rate, as if Fannie Mae would penalize me. Is this true? And why is Fannie Mae all up in my business? There…



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https://ayariadna0885.livejournal.com/2078.html

Is borrowing under $100k for a mortgage going to trigger penalties?

I was speaking with a DiTech rep. today and he told me that if I borrowed $90k towards a $240k home, Id have a higher interest rate and that I should take out a $100k loan to avoid that rate, as if Fannie Mae would penalize me. Is this true? And why is Fannie Mae all up in my business? There…

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      I was speaking with a DiTech rep. today and he told me that if I borrowed $90k towards a $240k home, Id have a higher interest rate and that I should take out a $100k loan to avoid that rate, as if Fannie Mae would penalize me. Is this true? And why is Fannie Mae all up in my business? There…

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