Closed at 100% financing

[SD Realtor]

Well a 100% financed loan did indeed fund.

This was a Mira Mesa listing that I mentioned before in Summerset. The loan funded today, it was a 100% financed deal, not a jumbo, a conforming first loan and a second. I do not recall the rates on the second. We (I represented the seller) opened escrow at the beginning of the month and closed early due to fear of the lender pulling out of the deal.

The lender was Countrywide. As I said I do not recall the details of the rate on the second, but I can ask the buyers agent what it was. This funding was probably some of that credit line money Countrywide got last week.

[kaycee]

That is interesting. Congrats on the closing. I guess 100 billion dollars of liquidity does make things happen.

[kaycee]

That is interesting. Congrats on the closing. I guess 100 billion dollars of liquidity does make things happen.

[kaycee]

That is interesting. Congrats on the closing. I guess 100 billion dollars of liquidity does make things happen.

[SD Realtor]

Thanks kaycee –

The point was to point out to the forum that there is 100% financing available.

I don’t advocate it, I would never do it personally, nor would I ever recommend for any of my clients to do it. It is also true that many fewer lenders are offering 100% programs and they are harder to find. However I would never post they are “all gone” until they really are all gone.

Hopefully people will not think this is a bullish post or anything like that.

SD Realtor

[SD Realtor]

Thanks kaycee –

The point was to point out to the forum that there is 100% financing available.

I don’t advocate it, I would never do it personally, nor would I ever recommend for any of my clients to do it. It is also true that many fewer lenders are offering 100% programs and they are harder to find. However I would never post they are “all gone” until they really are all gone.

Hopefully people will not think this is a bullish post or anything like that.

SD Realtor

[SD Realtor]

Thanks kaycee –

The point was to point out to the forum that there is 100% financing available.

I don’t advocate it, I would never do it personally, nor would I ever recommend for any of my clients to do it. It is also true that many fewer lenders are offering 100% programs and they are harder to find. However I would never post they are “all gone” until they really are all gone.

Hopefully people will not think this is a bullish post or anything like that.

SD Realtor

[sdrealtor]

SD R,
Your just posting facts, stop being such an apologist. You sound a …..

sdr

[sdrealtor]

SD R,
Your just posting facts, stop being such an apologist. You sound a …..

sdr

[sdrealtor]

SD R,
Your just posting facts, stop being such an apologist. You sound a …..

sdr

[SD Realtor]

Sometimes just posting facts gets interpreted as being bullish…

SD Realtor

[SD Realtor]

Sometimes just posting facts gets interpreted as being bullish…

SD Realtor

[SD Realtor]

Sometimes just posting facts gets interpreted as being bullish…

SD Realtor

[eyePod]

SD Realtor – you really contribute a lot of information and positive energy to this forum.

[eyePod]

SD Realtor – you really contribute a lot of information and positive energy to this forum.

[Author]

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