[quote=sdrealtor]CAR
If I was lending large amounts of money I would be much looser for people like me. There is virtually zero risk to them. In fact the best thing that cold happen is if I stopped paying as they could foreclose and sell my house for a huge gain. My loan amount is less 70% of the 1999 purchase price.[/quote]
I agree that in your particular case, especially with the low LTV, it’s pretty much a slam-dunk. But at a time when prices are still coming down in some areas, it’s understandable (IMHO) that lenders would want to account for all possible scenarios, including loss of income and continued price declines. But I am admittedly a very conservative investor, and only do things if I’m 90%+ sure about future risks/returns.
