100 financing: With all the short sales, foreclosures and trouble, I still see 100% financing
- 10/04/07 06:50 PM
I guess I am dense. I thought that the 100% finance loan were suspended. Yet I had this type loan flier placed in my office in-box touting 100% financing with as little as $500.00 down. We are still reeling from the effects of a sluggish market with buyer confidence at a low point. Considering the recent record number of mortgage companies who went under is there a reason that this practice is still popular? It this not a bad idea twice? We should have gotten the message that when buyers have no equity coming into a home and given the fact that most were not in a position … (0 comments)
I guess I am dense. I thought that the 100% finance loan were suspended. Yet I had this type loan flier placed in my office in-box touting 100% financing with as little as $500.00 down. We are still reeling from the effects of a sluggish market with buyer confidence at a low point. Considering the recent record number of mortgage companies who went under is there a reason that this practice is still popular? It this not a bad idea twice? ;)
;)
