Asked by Alex, sf bay area • Thu Oct 25, 2007
i recently put an offer on my first home and will start shopping around for a loan. the other day i was browsing through one of the local home magazine and came across an interesting advertisement for borrowing internationally. the ad lists rates beating US rates. actually 4.25% fully indexed and not a negative amortization. no credit to qualify. i was thinking that this is too good to be true and there must be a catch to this. anyone know about this? what are the cons? advertisement was from specialty funding.
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