[quote=jpinpb][quote=patb]
we had 115% LTV or more in 05 and 06.
Builder credits for downpayment was the trick.[/quote]
Sadly, that is a good point that I knew about and forgot to mention. True that. Thanks for the reminder. It’s all been tricks.[/quote]
Don’t forget the seller “credits” to cover closing costs and other items, and now with the $8,000 tax credit, and 3.5% FHA loans…we are absolutely back to 100%++ LTVs. That’s why the market’s so hot, IMHO.
