Home Loans no closing costs

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home loans no closing costs

home loans no closing costs

home loans no closing costs ::
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The Single Parent Guide to Homeownership
eBooks ()

Subprime loans will not be missed

2007-07-08 11:06:10 by example-

Scenario:
First time home buyer.
641 mid fico.
$1000 in liquid reserves.
C7 Bankruptcy in 2005
62% debt to income ratio.
What did I get them?
Fannie Mae loan!
0% down, 100% financing one loan. 7.00%!
.59 factor Mortgage Insurance
30 year fixed interest only mortgage. No pre pay.
I got my check on Friday.
Scenario 2:
531 mid fico.
Makes $1200/month.
Cosigner makes $5,000/month, will not occupy home.
Neither have a dime in the bank.
Total 32% Debt to income.
What did they get?
0 down, 100% financing with a seller credit covering closing costs

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