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tucson realtor: 100% the right move . . . or maybe only 95%? - 03/13/07 01:09 AM
If you haven't heard from your lender or mortgage broker, subprime loans at 100% LTV are a thing of the past . . . or they soon will be.
For years during the recent real estate and subsequent finance boom, brokers were able to help individuals with credit scores in the 500s purchase a home at 100% loan-to-value.  What did that mean?  It meant that a person who is either grossly overextended or who didn't have a good credit payment history could purchase a house without putting down any money.
According to the lender I refer clients to, as well as today's Wall … (2 comments)

 

Darren C. Douglas

Tucson, AZ

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Oxford Residential Advisors

Cell Phone: (520) 661-5885

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