Pasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelines
It just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
