First off, thanks for the comments.
I can afford to do these 80% LTV’s, but I don’t know if the timing is right. I would wait ( for the bottom of the market)IF the appraisals hold allowing me the current loan amnts, and IF the rates are likely to stay at or near the current numbers. I was researching these two questions and came up with the greater likelyhood that the appraisals will drop as the bubble empties, and the rates will increase as a function of global corrections etc..
So, if I wait I may not be in a “cash is king” position that I would have otherwise been in. Of course the down side of paying out money on borrowed money sitting somewhere for an extended amt. of time is obvious.
Please share more thoughts!
