100 percent financing: Knee-jerk Reactions? - 04/03/07 12:41 PM
One of my pre-approved clients called yesterday to say that her Realtor wanted to know if I can approve her for a loan with 5% down-payment. It seems that there are increasingly more listing on the MLS with comments that 100% financing offers will not be considered. She has found 2 homes she liked but they … (32 comments)
100 percent financing: 100% financing is alive and well, just not for sub-prime lenders - 03/13/07 10:43 PM
On Friday, Countrywide announced their maximum loan to value for sub-prime is 90%. This morning Option One announced the same limits. Also last week, New Century halted all loan operations and they were the 3rd largest sub-prime lender nationally. So what to do with your less than stellar credit clients? FHA loans … (31 comments)
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One of my pre-approved clients called yesterday to say that her Realtor wanted to know if I can approve her for a loan with 5% down-payment. It seems that there are increasingly more listing on the MLS with comments that 100% financing offers will not be considered. She has found 2 homes she liked but they … (32 comments)
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