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Old 08-17-2007, 05:56 PM
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pmacdaddy pmacdaddy is offline
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Join Date: Oct 2006
Location: Long Island, NY
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Quote:
Originally Posted by SentToStud
How does this help the guy with no equity in a home he paid 500k for that is now worth 450k? Are you saying you are moving people off theirr adjustables into a $0 down package that is 50k above what the property will appraise for?
I read the above as just an alternative to a Jumbo 30 year fixed mortgage.
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