100% Investor Loan in AZ - Posted by Matt

Posted by Matt on September 25, 2003 at 09:46:53:

Thanks JJ. Do you know of any brokers or lenders specifically that do this or should I just start calling various co’s?

100% Investor Loan in AZ - Posted by Matt

Posted by Matt on September 24, 2003 at 22:59:41:

Any one know of any brokers or lenders in AZ that can do a 100% Investor loan. Just read about an Investor loan with an 80% 1st mortgage, 20% 2nd mortgage. Interest was 7% on the 1st mortgage, 8 1/2 on the 2nd mortgage. Both loans were fixed due in 30 years. No PMI. No prepayment penalty! Closing costs were around 3% of sales price. Seller could pay buyers closing costs up to 3% of purchase price!

Re: 100% Investor Loan in AZ - Posted by JJ

Posted by JJ on September 24, 2003 at 23:08:11:

Matt:

Yes, these are available. Rates are dependent on whether you will qualify. NO MI and some seller concession are allowed.

JJ
mygenesis@hotmail.com