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stoneman
sales/ investor
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100% Financing
Wednesday, January 31 2007 04:27 PM
Does anybody know who does 100% NOOC between $40k-$50k. I am looking at properties in the Rockford area.
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Jim Hughes
Investor
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Re:100% Financing
Sunday, February 04 2007 08:34 PM
If you attend the Midwestrea of Chicago meetings (2nd Wed. nite of each month in Elgin at the CENTRE OF ELGIN you will be able to meet PML that could fund your deals at 100% if they are purchased right -- front end with some equity.
Call me if you have questions.
Jim Hughes
847-741-9797
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sycamoremtgbrkr
Mortgage Broker
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Re:100% Financing
Monday, February 05 2007 12:06 PM
Stoneman, you will want to look for non-traditional financing options for those loan amounts. With Illinois high cost rules it is almost impossible for lenders to do these loans since typically the total fees cannot be more than 5% of the loan amount. When you figure title, appraisal and underwriting costs that eats up most of the 5% and most mortgage brokers won't work for what is left on the deal.
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Marty Couch
Investor
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Re:Re:100% Financing
Thursday, April 12 2007 01:40 PM
Hey there,
I do have some referals for 100% non-owner occupied financing. It does require 720+ credit and the requirements tend to change often.
Give me a call and I may be able to get you in contact with them.
My cell# is 312-807-3555
Thanks,
Marty Couch
http://www.PPLChicago.com
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