5.00% no point loans at the moment…

[4plexowner]

because condos are a really bad investment

[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[HLS]

I think that FHA should only be of interest if you have a mid credit score below 660-700 AND cannot come up with an extra 1.5% down (Total of 5% down)
The added cost for FHA loans is a sin.

I don’t know what to expect or how low rates will get, but if they go lower, FNMA will go down as well, not just FHA.

In my opinion, nobody should buy a house if you only have 3.5% or 5% down. You are upside down from the day you buy it, which is not a good feeling.

I’ll still offer to get you the best loan that I can…

If a miminum of 10% down was required, we wouldn’t be on the verge of a global depression and houses would be much cheaper nationwide, and much more affordable.

The housing market is ponzi scheme, soon to be known as a MADOFF.

Buy a house like you buy a car. You can afford the payment and you expect it to drop in value.

Just my two cents….

[WaitingToExhale]

Thanks for the information on 10%-down loans HLS. I’m starting to consider looking seriously for a house and will likely put down 10%. Although I keep looking at that curve showing the price drops since peak and how it doesn’t look like it’s really even slowing down yet.

[WaitingToExhale]

Thanks for the information on 10%-down loans HLS. I’m starting to consider looking seriously for a house and will likely put down 10%. Although I keep looking at that curve showing the price drops since peak and how it doesn’t look like it’s really even slowing down yet.

[WaitingToExhale]

Thanks for the information on 10%-down loans HLS. I’m starting to consider looking seriously for a house and will likely put down 10%. Although I keep looking at that curve showing the price drops since peak and how it doesn’t look like it’s really even slowing down yet.

[WaitingToExhale]

Thanks for the information on 10%-down loans HLS. I’m starting to consider looking seriously for a house and will likely put down 10%. Although I keep looking at that curve showing the price drops since peak and how it doesn’t look like it’s really even slowing down yet.

[WaitingToExhale]

Thanks for the information on 10%-down loans HLS. I’m starting to consider looking seriously for a house and will likely put down 10%. Although I keep looking at that curve showing the price drops since peak and how it doesn’t look like it’s really even slowing down yet.

[HLS]

[quote=profhoff]Why are condos so hard to finance?[/quote]

Risk & Reward is what FNMA etc look at based on their past experience. Higher credit scores/ larger down payments have led to fewer defaults.
(why they still allow low down payments proves this is all a scam)

Condos have proved to be riskier than homes, and conversions even worse. Some condos cannot be financed at all, even with 50% down. Some associations are insolvent or have too many rentals.

Condos with less than 25% equity now cost more to get a loan, and I have been told that higher loan pricing is coming very shortly… HLS

[HLS]

[quote=profhoff]Why are condos so hard to finance?[/quote]

Risk & Reward is what FNMA etc look at based on their past experience. Higher credit scores/ larger down payments have led to fewer defaults.
(why they still allow low down payments proves this is all a scam)

Condos have proved to be riskier than homes, and conversions even worse. Some condos cannot be financed at all, even with 50% down. Some associations are insolvent or have too many rentals.

Condos with less than 25% equity now cost more to get a loan, and I have been told that higher loan pricing is coming very shortly… HLS

[HLS]

[quote=profhoff]Why are condos so hard to finance?[/quote]

Risk & Reward is what FNMA etc look at based on their past experience. Higher credit scores/ larger down payments have led to fewer defaults.
(why they still allow low down payments proves this is all a scam)

Condos have proved to be riskier than homes, and conversions even worse. Some condos cannot be financed at all, even with 50% down. Some associations are insolvent or have too many rentals.

Condos with less than 25% equity now cost more to get a loan, and I have been told that higher loan pricing is coming very shortly… HLS

[HLS]

[quote=profhoff]Why are condos so hard to finance?[/quote]

Risk & Reward is what FNMA etc look at based on their past experience. Higher credit scores/ larger down payments have led to fewer defaults.
(why they still allow low down payments proves this is all a scam)

Condos have proved to be riskier than homes, and conversions even worse. Some condos cannot be financed at all, even with 50% down. Some associations are insolvent or have too many rentals.

Condos with less than 25% equity now cost more to get a loan, and I have been told that higher loan pricing is coming very shortly… HLS

[Author]

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