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Updated over 6 years ago on . Most recent reply

100% Lending, Truth of Fallacy ?
There has been an increase of my clients asking for 100% Lending for their Business Start-ups, Commercial Real Estate Purchases, Yachts and the list goes on.
Is this a fallacy or is there a Lender that underwrites and Funds 100% of the loan request as well as roll in the closing costs with no recourse to the borrower?
In my search I have located two different sources that offer 100% Lending.
BP what are your thoughts ?
Most Popular Reply

@Francene Lacey. This is an absolute fallacy. This isn't a dig on you but re-read the sentence "Is this a fallacy or is there a Lender that underwrites and Funds 100% of the loan request as well as roll in the closing costs with no recourse to the borrower?" Why would anyone do that? That puts the lender at greater than 100% risk.