An unsolicited fax came through yesterday boasting 10 day closings, 5.875% 30-year fixed. Cash for any reason like credit cards, taxes, tuition, vacation, investment property and second homes.
95% financing with no documents needed.
Self employed - OK
Bankruptcy - OK
Good or bruised credit - OK
Free appraisal.
How can you resist? This alone could rescue the real estate market. If people can borrow 95%, this will be the time for thousands to upgrade.
This could be the answer for the little guy. He can now become the landlord. We should have had these programs available years ago.
'til later
Thursday, April 10, 2008
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