Ricardo Bueno's Blog

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More on the J.P. Morgan/Bear Stearns Deal

The financing terms for the purchase will look like this:

$29 Billion @ 2.5%

10-Year Adjustable Rate 

Sweet deal huh? I'd certainly say so!

 

READ ON 

 

[Source: CNBC] 

5 comments • Ricardo Bueno • March 24 2008 04:35PM

Comments

I wish I could refinance my house for that rate at 10 years...this is such a scam I can't stand it.
Posted by Jeffrey DiMuria (Re/Max Southeast, Inc) about 1 year ago
Can you imagine what the interest even at 2.5% is on 29 billion dollars.  No wonder they are cutting their rate.  That is a sweet deal for the receiver.
Posted by Maria Holland (RE/Max Elite, ABR,GRI, CDPE, SFR) about 1 year ago

Team DiMuria: Michael Jackson is loosing his NeverLand Ranch to foreclosure...if only he could score a deal like this! 

Well, it's a nice bail-out for Bear. 

Posted by Ricardo Bueno (The Real Estate Tomato) about 1 year ago
Maria: Hmmm... $273,382,714.94?
Posted by Ricardo Bueno (The Real Estate Tomato) about 1 year ago
Somebody needs to check JPs credit scores...this would have to be a Stated Income Stated Assets, FHA loan...and sorry but that's not available for 100% financing....hehehe
Posted by Your Financial Coach about 1 year ago

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