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| 100% financing for investment properties | Views: 429 |
| Feb 07, 2007 10:40 pm | | 100% financing for investment properties | # |
Gerry Feldman | |
Beginning January, 2007 a new program has been introduced that will allow 100% financing for residential properties by one of the world's largest banks recently entering the U.S. mortgage origination business.
*minimum 620 fico score
*stated, no doc, no ratio, bank statements
*3% sellers concession
*1-4 units
*up to $1mil for 100% and $4mil for 70%
*all 50 states
*soon in Europe
*purchases or cash out refinancing
*close in one week, start to finish
Also:
*foreclosure bailouts
*Credit down to 450
*no credit
*non-resident aliens Private Reply to Gerry Feldman |
| Feb 08, 2007 7:54 am | | re: 100% financing for investment properties | # |
Shannon Panaro | | Hi Jerry! Welcome to Moex.Would you like to enlighten us on which lender this is, since it is now February 2007 and we can all make some money! Private Reply to Shannon Panaro |
| Feb 08, 2007 10:34 am | | re: re: 100% financing for investment properties | # |
Gerry Feldman | | The lender for this product is MortgageIT, a subsidiary of Deutsche Bank USA. It'a an Alt-A product just introduced after the acquisition of MortgageIT on Jan. 3, 07. Private Reply to Gerry Feldman |
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