[quote=scaredycat]no, i wouldn’t walk if i immediately got underwater. but what if 5-8 years from now it’s still down 20% and I want to leave. then i might[/quote]
When you walk, will you walk into a rental or will you be paying higher rate (if the bank will even lend $ to you) for your next house? BTW, w/ bad credit, you’ll probably pay higher rent too if you decide to walk and rent. W/in 7 years, will you be buying anything that require credit as well?
[quote=scaredycat]no, i wouldn’t walk if i immediately got underwater. but what if 5-8 years from now it’s still down 20% and I want to leave. then i might[/quote]
When you walk, will you walk into a rental or will you be paying higher rate (if the bank will even lend $ to you) for your next house? BTW, w/ bad credit, you’ll probably pay higher rent too if you decide to walk and rent. W/in 7 years, will you be buying anything that require credit as well?
[quote=scaredycat]no, i wouldn’t walk if i immediately got underwater. but what if 5-8 years from now it’s still down 20% and I want to leave. then i might[/quote]
When you walk, will you walk into a rental or will you be paying higher rate (if the bank will even lend $ to you) for your next house? BTW, w/ bad credit, you’ll probably pay higher rent too if you decide to walk and rent. W/in 7 years, will you be buying anything that require credit as well?
[quote=scaredycat]no, i wouldn’t walk if i immediately got underwater. but what if 5-8 years from now it’s still down 20% and I want to leave. then i might[/quote]
When you walk, will you walk into a rental or will you be paying higher rate (if the bank will even lend $ to you) for your next house? BTW, w/ bad credit, you’ll probably pay higher rent too if you decide to walk and rent. W/in 7 years, will you be buying anything that require credit as well?
[quote=scaredycat]no, i wouldn’t walk if i immediately got underwater. but what if 5-8 years from now it’s still down 20% and I want to leave. then i might[/quote]
When you walk, will you walk into a rental or will you be paying higher rate (if the bank will even lend $ to you) for your next house? BTW, w/ bad credit, you’ll probably pay higher rent too if you decide to walk and rent. W/in 7 years, will you be buying anything that require credit as well?
it’s just that if the FHA premium can be cancelled w/ regular payments, then the whole financial calculation between FHA and conventional radically shifts….does anyone know anyone who has had an FHA loan where the PMI stopped after a few years?
it’s just that if the FHA premium can be cancelled w/ regular payments, then the whole financial calculation between FHA and conventional radically shifts….does anyone know anyone who has had an FHA loan where the PMI stopped after a few years?
it’s just that if the FHA premium can be cancelled w/ regular payments, then the whole financial calculation between FHA and conventional radically shifts….does anyone know anyone who has had an FHA loan where the PMI stopped after a few years?
it’s just that if the FHA premium can be cancelled w/ regular payments, then the whole financial calculation between FHA and conventional radically shifts….does anyone know anyone who has had an FHA loan where the PMI stopped after a few years?
