“It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.”
Uh, no kidding. What part of “affordibility products” don’t you understand? You know, as in, I can’t afford the house if I go “full doc”.
“I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs”
