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More on the J.P. Morgan/Bear Stearns Deal

The financing terms for the purchase will look like this:

$29 Billion @ 2.5%
10-Year Adjustable Rate

Sweet deal huh? I'd certainly say so!

READ ON

[Source: CNBC]

Posted by Ricardo Bueno on 03/24/2008 04:35 PM

Comments (5)

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Originally posted at: Ricardo Bueno's Blog : More on the J.P. Morgan/Bear Stearns Deal

5 Comments on More on the J.P. Morgan/Bear Stearns Deal

MAR

2008

I wish I could refinance my house for that rate at 10 years...this is such a scam I can't stand it.

Can you imagine what the interest even at 2.5% is on 29 billion dollars. No wonder they are cutting their rate. That is a sweet deal for the receiver.

Team DiMuria: Michael Jackson is loosing his NeverLand Ranch to foreclosure...if only he could score a deal like this!

Well, it's a nice bail-out for Bear.

Maria: Hmmm... $273,382,714.94?

Somebody needs to check JPs credit scores...this would have to be a Stated Income Stated Assets, FHA loan...and sorry but that's not available for 100% financing....hehehe

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