5-07 MAJOR NEWS! Conforming Jumbo Rates Slashed

[contraman]

Roughtrader,

FYI, I have been in this community for over a year. I have helped others here on several occasions as a mortgage broker wade through their options when on the brink of losing their home and not make a dime from it…..

There are a lot of people that need help that are upside down and I want to communicate to them that we can help them stay in their home, reduce the amount of foreclosure inventory, and help stabilize things here on the housing front.

A lot of people think this is a bailout but in reality it is putting it to the banks not the homeowners. If the property appreciates in value and the homeowner sells then the government gets a percentage of the profits.

I am not a proponent of bailouts but am one of helping people and this is a very good solution.

Sincerely, Contraman

[capeman]

If you are helping people with this endeavour then keep up the good work. Isn’t this still a losing battle for homeowners in the end when chopping 10% off of principle only to have the cushion erode away and be in the same position a year or less out?

[capeman]

If you are helping people with this endeavour then keep up the good work. Isn’t this still a losing battle for homeowners in the end when chopping 10% off of principle only to have the cushion erode away and be in the same position a year or less out?

[capeman]

If you are helping people with this endeavour then keep up the good work. Isn’t this still a losing battle for homeowners in the end when chopping 10% off of principle only to have the cushion erode away and be in the same position a year or less out?

[capeman]

If you are helping people with this endeavour then keep up the good work. Isn’t this still a losing battle for homeowners in the end when chopping 10% off of principle only to have the cushion erode away and be in the same position a year or less out?

[capeman]

If you are helping people with this endeavour then keep up the good work. Isn’t this still a losing battle for homeowners in the end when chopping 10% off of principle only to have the cushion erode away and be in the same position a year or less out?

[contraman]

Capeman,

That is indeed a risk that will be taken by some borrower’s, lenders, and the government. I am sure most people would feel a lot more comfortable with a home that is negative 10% in value in the short term vs. 60%.

Sincerely, Contraman

[contraman]

Capeman,

That is indeed a risk that will be taken by some borrower’s, lenders, and the government. I am sure most people would feel a lot more comfortable with a home that is negative 10% in value in the short term vs. 60%.

Sincerely, Contraman

[contraman]

Capeman,

That is indeed a risk that will be taken by some borrower’s, lenders, and the government. I am sure most people would feel a lot more comfortable with a home that is negative 10% in value in the short term vs. 60%.

Sincerely, Contraman

[contraman]

Capeman,

That is indeed a risk that will be taken by some borrower’s, lenders, and the government. I am sure most people would feel a lot more comfortable with a home that is negative 10% in value in the short term vs. 60%.

Sincerely, Contraman

[contraman]

Capeman,

That is indeed a risk that will be taken by some borrower’s, lenders, and the government. I am sure most people would feel a lot more comfortable with a home that is negative 10% in value in the short term vs. 60%.

Sincerely, Contraman

[IONEGARM]

Someone mentioned that the DTI on conforming jumbos are capped at 45% and 417k are capped at 60%, it is my understanding that they only look at the back end ratio and dont look at front end. Is this true?

[IONEGARM]

Someone mentioned that the DTI on conforming jumbos are capped at 45% and 417k are capped at 60%, it is my understanding that they only look at the back end ratio and dont look at front end. Is this true?

[IONEGARM]

Someone mentioned that the DTI on conforming jumbos are capped at 45% and 417k are capped at 60%, it is my understanding that they only look at the back end ratio and dont look at front end. Is this true?

[IONEGARM]

Someone mentioned that the DTI on conforming jumbos are capped at 45% and 417k are capped at 60%, it is my understanding that they only look at the back end ratio and dont look at front end. Is this true?

[Author]

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