Bigger lenders tend to work by their own book.

Lloyds actually closed their Yen book to non-Yen earners in April due to the size of the Yen book growing very quickly to a size which their Head Office were not happy to see compared to other currencies - most of these new Yen loans coming from US based applicants.

In fact, there's a book on it.

Most books are written generally so they can apply (and be sold) across all 50 states, which guarantees that they are not specific enough to be able to trust their guidance for your state, county, and city.

noobdog1,Thank for the input. 8) Some of your response was convered in my books.

You should definitely ask questions, read books, join your local REIA, post questions on this forum, etc.

I guess I'll see) So can anyone recommend a good book for either of those subjects?

Here are some books that I found very useful.All Americas real estate book- Its old, but it has a nice perspective.Real Estate Riches - Dolf deRoos.

Read the posts on this forum, read books and articles, join your local REIA, etc.

I have read Ron LeGrands books and he uses 70% as well...just not real sure why...Also, is it safe to say that someone could sell their house for 70% below MV?