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Old 09-28-2005, 11:04 AM
crystalip
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Default RE: [IncomeProperties] Residential Loan Program

This is a proposal given to my parents trying to solicit their business for
a re-fi in CA. I don't need a loan (and I know they re-fi'd in the fall so
they probably don't need a loan either) but I wasn't sure what was wrong
with the scenario they were given although it certainly sounded fishy. The
deferred interest part makes a lot of sense as the loan broker was quoting
$300k loan amount for $700 per month which over 30 years doesn't even pay
back principle let alone any interest.

Thanks for the feedback.

-----Original Message-----
From: Bobbie Skippadoddlealladaylong [mailto:batwanda@yahoo.com]=20
Sent: Wednesday, March 09, 2005 6:05 PM
To: IncomeProperties@yahoogroups.com
Subject: Re: [IncomeProperties] Residential Loan Program



Again, a 1% program exists...but it has many details.....
and I totally agree with Ron, but I would say to turn the caps off, they
hurt my eyes... anything that sounds too good to be true, generally is.
Bobbie Floerchinger Super Mortgage 727-547-8776 office 727-235-3181 cell
=20
=20


ronald tippitt <rnldtippitt@yahoo.com> wrote:
IF IT SOUNDS TOO GREAT TO BE TRUE, IT PROBABLY IS,,,,, WE CAN TRY TO GET
THE BEST POSSIBLE RATE FOR YOU, IF YOU CAN HANDLE
THAT????http://www.allsolutionsnetwork.com/cgi-bin/d.cgi/RT6649/no_down_loa=
n
s.htm

Crystal Investment Property <crystalip@comcast.net> wrote:Anyone have
information/feedback on a residential loan program promising Jumbo sized
loans for re-fi's at a current rate of 1% interest over a 30 year term,
adjustable and tied to the bank's savings program rates?=20

Thanks - Michelle Kennedy


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