The amount could be enormous.  

With that said, if you go agency on lets say a 10 year term and get a rate of 6.5%, if you sell before that term is up you’re likely going to get whacked with an enormous prepayment penalty unless you think rates stay this high.

I do not have experience with them directly but trust my broker.Some things to remember about 203k is that there is an enormous amount of paperwork involved.

Block by block, you'll find differences, sometimes enormous ones.

If you were to do a cash out loan, then you pay interest even if you aren't using the money and the closing costs are ENORMOUS in comparison to that HELOC. 

From where I sit, I see tight inventory, very little construction, an incredibly unfavorable political climate for developers (thus not much hope for relief from the supply-side) and enormous demand from not only local residents but also from much higher priced neighboring counties (who actually see our astronomical prices as a bargain, imagine that!).

The percentage is small because the cash in the deal base is big ($1.2m)...Actually it's enormous!!

Society will finally see the enormity of the fraud in the silver market.

I am not discounting the service MI has provided, and I am glad to see this was turned into a great PR moment, but in my opinion, the risk does not outweigh the reward with these numbers, and these numbers make sense for capital heavy investors that have to deploy enormous amounts of capital. 

Be sure that the specie you choose doesn't grow to enormous proportions.