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Mortgage rates fall again. $145,000 for $499/mo. No SSN required. Calculate new payment.
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Now we all know this is nonsense!
2007-06-03 14:17:03 · 3 answers · asked by silverangelsmom 1 in Business & Finance ➔ Renting & Real Estate
Because Yahoo seems to derive the bulk of their income from mortgage advertisements of all ilk.
2007-06-03 15:58:27 · answer #1 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
Not sure where you get your information from. Mortgage defaults are NOT anywhere any all time high. A certain sector (sub prime mortgages) has experienced higher than usual defaults largely due to the greed on the part of the lenders pushing impossibly expensive loans on people who could not afford them. The rest of the mortgage and housing markets are still doing very well so far. The defaults in the sub-prime sector have not widened into the rest of the market.
I haven't seen the ad you're referring to. Post a link and I'll have a look.
2007-06-03 22:04:48 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
They are seeking clients with good credit scores that want to refinance to a new loan with a lower monthly payment.
It is up to the client (borrower) if they chose to accept these type loans and if they will be able to refinance once the 3-5 year.
These type loans are still popular with interest only payments. All you have to do is have the correct credit score.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-06-03 22:40:10 · answer #3 · answered by loanmasterone 7 · 0⤊ 0⤋