Quote:
Originally posted by jorian
With 100% financing the lender will be upside down if there is a foreclosure because there is no equity.
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That's called leverage, banks love it when the consumer is upside and have equity in the house, and they will foreclose all day with these types. When the lender is upside, they are more willing to make a deal then foreclose.
Nathans_Dad I would suggest you go to a Mortgage broker, more loans with them then a B of A, plus they have more options for you .
http://www.freepoint.web-loans.com/default.aspx
The above link is my from company that I work for, it's interesting reading