100% Mortgages for Palm Beach Real Estate - Good or Bad?

Before we go over the GOOD vs BAD parts of the 100% Home Loans I want to discuss the availability of this particular Mortgage.

A lot of things have changed in the Mortgage Industry in 2007 - the subprime mess at the beginning of the year is still on everyone's mind.

You'll see and hear different Palm Beach area mortgage companies advertising that they "STILL HAVE" 100% mortgages as if they were something special - uhhhh, not quite. Virtually all mortgage brokerages still offer the loan, however the requirements to qualify for the loan have tightened up a bit.

Now, here's the important part: Who is the Mortgage good for and who is it bad for?

Keep in mind, I'm not talking about an exact science here, I'm going to discuss the 2 extremes - every borrower will fall somewhere in between.

Read More >>

Marc J Blasi

Realtor® - Luxury Homes FL - A Thomas Real Estate Company

Mortgage Broker - Knightlines Mortgage Services, LLC

(561)-282-7406 Cell

(561)-282-3330 Office & Fax

Marc@LuxuryHomesFL.com

www.PalmBeachRealEstateAndLoans.com