Conventional Loan – Down Payment requirements

[HLS]

The 41% DTI is a mortgage insurance company requirement, not a F/F requirement.

With at least 20% down it is still possible to approach 50% of income as a back end ratio which means all of your monthly minimum payments on a credit report + houisng expense. If you have no credit card debt/student loans/car payments etc, you can approach 50% of income with just your housing expense.

It’s the 2nd biggest Ponzi scheme condoned by the govt. The largest Ponzi scheme is 401K’s & other retirement accounts. What will save America ???

[waterboy]

HLS- What do you have against 401k & retirement accts? The fact that the gains can’t be touched until age 59 1/2 without penalty? Just curious…what are some better alternatives?

[waterboy]

HLS- What do you have against 401k & retirement accts? The fact that the gains can’t be touched until age 59 1/2 without penalty? Just curious…what are some better alternatives?

[waterboy]

HLS- What do you have against 401k & retirement accts? The fact that the gains can’t be touched until age 59 1/2 without penalty? Just curious…what are some better alternatives?

[waterboy]

HLS- What do you have against 401k & retirement accts? The fact that the gains can’t be touched until age 59 1/2 without penalty? Just curious…what are some better alternatives?

[waterboy]

HLS- What do you have against 401k & retirement accts? The fact that the gains can’t be touched until age 59 1/2 without penalty? Just curious…what are some better alternatives?

[HLS]

WB…
It’s a complete manipulated scam condoned by the govt, allowing some people to make a fortune while others will lose big, although they have complete confidence in the system because the govt encourages it.. (wait a minute, did you ask me about the housing market OR the stock market ??)

The average person refuses to accept what the stock market actually is (a casino), and feels forced to participate as the only option. Most are forced to only benefit from being on the long side, yet fortunes are made by true professionals who are on the short side.

It’s the equivalent of letting:
1st graders drive a car
2nd graders play college sports
3rd graders perform root canals
4th graders buy houses with no money down

Any of these things might work for a while, but when the tide goes out and we find out who has been swimming naked it’s not going to be pretty.

Plenty of other alternatives..

Did you see this thread: http://piggington.com/confessions_of_a_wall_st_nihilist

Some people will make money but I believe that millions will be disillusioned when the bubble bursts and the result will make the current economic situation look like a booming goldrush.

Maybe not soon, but this will not pass forever.

[HLS]

WB…
It’s a complete manipulated scam condoned by the govt, allowing some people to make a fortune while others will lose big, although they have complete confidence in the system because the govt encourages it.. (wait a minute, did you ask me about the housing market OR the stock market ??)

The average person refuses to accept what the stock market actually is (a casino), and feels forced to participate as the only option. Most are forced to only benefit from being on the long side, yet fortunes are made by true professionals who are on the short side.

It’s the equivalent of letting:
1st graders drive a car
2nd graders play college sports
3rd graders perform root canals
4th graders buy houses with no money down

Any of these things might work for a while, but when the tide goes out and we find out who has been swimming naked it’s not going to be pretty.

Plenty of other alternatives..

Did you see this thread: http://piggington.com/confessions_of_a_wall_st_nihilist

Some people will make money but I believe that millions will be disillusioned when the bubble bursts and the result will make the current economic situation look like a booming goldrush.

Maybe not soon, but this will not pass forever.

[HLS]

WB…
It’s a complete manipulated scam condoned by the govt, allowing some people to make a fortune while others will lose big, although they have complete confidence in the system because the govt encourages it.. (wait a minute, did you ask me about the housing market OR the stock market ??)

The average person refuses to accept what the stock market actually is (a casino), and feels forced to participate as the only option. Most are forced to only benefit from being on the long side, yet fortunes are made by true professionals who are on the short side.

It’s the equivalent of letting:
1st graders drive a car
2nd graders play college sports
3rd graders perform root canals
4th graders buy houses with no money down

Any of these things might work for a while, but when the tide goes out and we find out who has been swimming naked it’s not going to be pretty.

Plenty of other alternatives..

Did you see this thread: http://piggington.com/confessions_of_a_wall_st_nihilist

Some people will make money but I believe that millions will be disillusioned when the bubble bursts and the result will make the current economic situation look like a booming goldrush.

Maybe not soon, but this will not pass forever.

[HLS]

WB…
It’s a complete manipulated scam condoned by the govt, allowing some people to make a fortune while others will lose big, although they have complete confidence in the system because the govt encourages it.. (wait a minute, did you ask me about the housing market OR the stock market ??)

The average person refuses to accept what the stock market actually is (a casino), and feels forced to participate as the only option. Most are forced to only benefit from being on the long side, yet fortunes are made by true professionals who are on the short side.

It’s the equivalent of letting:
1st graders drive a car
2nd graders play college sports
3rd graders perform root canals
4th graders buy houses with no money down

Any of these things might work for a while, but when the tide goes out and we find out who has been swimming naked it’s not going to be pretty.

Plenty of other alternatives..

Did you see this thread: http://piggington.com/confessions_of_a_wall_st_nihilist

Some people will make money but I believe that millions will be disillusioned when the bubble bursts and the result will make the current economic situation look like a booming goldrush.

Maybe not soon, but this will not pass forever.

[HLS]

WB…
It’s a complete manipulated scam condoned by the govt, allowing some people to make a fortune while others will lose big, although they have complete confidence in the system because the govt encourages it.. (wait a minute, did you ask me about the housing market OR the stock market ??)

The average person refuses to accept what the stock market actually is (a casino), and feels forced to participate as the only option. Most are forced to only benefit from being on the long side, yet fortunes are made by true professionals who are on the short side.

It’s the equivalent of letting:
1st graders drive a car
2nd graders play college sports
3rd graders perform root canals
4th graders buy houses with no money down

Any of these things might work for a while, but when the tide goes out and we find out who has been swimming naked it’s not going to be pretty.

Plenty of other alternatives..

Did you see this thread: http://piggington.com/confessions_of_a_wall_st_nihilist

Some people will make money but I believe that millions will be disillusioned when the bubble bursts and the result will make the current economic situation look like a booming goldrush.

Maybe not soon, but this will not pass forever.

[Author]

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