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Updated about 8 years ago,
Is 100% financing possible?
I recently came across some private lenders claim they can do 100% financing of the purchase price. They only charge 4-5% interest rate and no points. The loan terms are from 3 months to 30 years(interest only). It sounds too good to be true.
My partner is working on details with them. Everything seems good so far but I don't know whether the lender can perform. Those are lenders' name: Broadband Finance Limited and Delmar Financial Company. Anyone who has been working with those lenders before? Please kindly give your feedbacks. Thank you.