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Tag: zero-down
It may not be your business…but it is all mine!
Two years ago, our company switched our loan operating system to Encompass, so I have data available for the past two years (closed transactions from March 2005 - March 2007). I’m pretty surprised at the results after analyzing my purchase transactions and so thought I would share this with you.
Mid Credit Scores
3% had credit scores [...]
Posted: March 21st, 2007 under General Real Estate.
Tags: 80/20, credit-scores, down-payment, FHA, King-County, lpmi, Mortgage and Lending, purchase, Rhonda-Porter, Seattle, zero-down
Comments: 27
Confessions of a Zero-Down Lender
This is a two part (well so far I’m planning a second post…their could be more) series of a couple of clients (names changed to protect identities, of course!) who have purchased homes utilizing 100% financing. Both parties utilized similar programs but they wound up in entirely different situations.
Mr. and Mrs. Spender eagerly wanted to [...]
Posted: February 11th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: 80/20, credit, furnance, lender, purchase, zero-down
Comments: 60
Exotic Loan Programs and Potential Foreclosures
Every “exotic” loan program has a potential appropriate user of that program. What we are seeing more and more today, is the industry using these perfectly good programs inappropriately, to “get the deal done”. Before I go into my take on the situation, let me point out two relevant sites worth reading. [...]
Posted: October 15th, 2006 under General Real Estate.
Tags: conventional-loan, exotic, FHA, foreclosure, hud, loan, Mortgage and Lending, PMI, rates, second-mortgage, va, zero-down
Comments: 46
