Profoma-nator Question
Im not sure I understand the calculation for Amount Financed.
Purchase Price + Repair Costs + Closing Costs = Amount Financed
It assumes you finance the closing costs and the repair costs and pay nothing down.
I need this lender's number !
After putting in some numbers I got a very odd response at the bottom of the page: "Don't purchase this property. This property is not going to make any money for you whatsoever."
Im not sure its proper to make a statement like this. Does this program really assess enough information or the intent of the seller (e.g. intent to resell, tax advantages) to make this judgement?
Other than the above, it think its a very nice added tool and easily accesible on the property search page. I like how it pre-fills in the numbers. Thanks![ Edited by nasof on Date 03/23/2004 ]
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