FHA loans; why not?

[scaredyclassic]

i have heard the insurance from fha is super low now, like .5 % of the loan balance a year? is that right? If so, it seems like a small price to pay for the right to walk away how long would it take to break even on a 20% loan v. fha?

[an]

[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]

Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
Those are some big words from a noob.

[an]

[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]

Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
Those are some big words from a noob.

[an]

[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]

Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
Those are some big words from a noob.

[an]

[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]

Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
Those are some big words from a noob.

[an]

[quote=Adebisi][quote=AN]
HLS is a mortgage broker, but he’s a very honest one. I’ve used him to buy my house. He wouldn’t steer you to a product just to make a quick buck. [/quote]

Whew boy. I can see why so many realtors and mortgage brokers hang out here. I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with. I’ll have more details in a few weeks. Based on what I’ve seen on this board so far, I’m sure more than a few Piggs will jump at the opportunities I’ll be offering.[/quote]
Those are some big words from a noob.

[Ren]

[quote=Adebisi]
I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with.[/quote]

Insult a large group of people, then ask them to buy something. Who’s clueless again?

[Ren]

[quote=Adebisi]
I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with.[/quote]

Insult a large group of people, then ask them to buy something. Who’s clueless again?

[Ren]

[quote=Adebisi]
I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with.[/quote]

Insult a large group of people, then ask them to buy something. Who’s clueless again?

[Ren]

[quote=Adebisi]
I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with.[/quote]

Insult a large group of people, then ask them to buy something. Who’s clueless again?

[Ren]

[quote=Adebisi]
I’ve never seen such a gathering of financially clueless and naive people in one place.

I’ve been working on some business deals that I hope to get some Piggs involved with.[/quote]

Insult a large group of people, then ask them to buy something. Who’s clueless again?

[scaredyclassic]

please, someone, help me. seriously. I am starting to feel like there is no reason not to borrow the fha limits of 500k and just buy the fanciest house I can find. It’s not that I expect to make anything off of it, I just feel liek the financing is too good to pass up. is this wrong? I feel no obligation to pay back the loan if it’s a bad deal in the future; I don’t see how I can really lose. I am ready to buy anything with tons of upgrades at or around 500,000.

[scaredyclassic]

please, someone, help me. seriously. I am starting to feel like there is no reason not to borrow the fha limits of 500k and just buy the fanciest house I can find. It’s not that I expect to make anything off of it, I just feel liek the financing is too good to pass up. is this wrong? I feel no obligation to pay back the loan if it’s a bad deal in the future; I don’t see how I can really lose. I am ready to buy anything with tons of upgrades at or around 500,000.

[scaredyclassic]

please, someone, help me. seriously. I am starting to feel like there is no reason not to borrow the fha limits of 500k and just buy the fanciest house I can find. It’s not that I expect to make anything off of it, I just feel liek the financing is too good to pass up. is this wrong? I feel no obligation to pay back the loan if it’s a bad deal in the future; I don’t see how I can really lose. I am ready to buy anything with tons of upgrades at or around 500,000.

[scaredyclassic]

please, someone, help me. seriously. I am starting to feel like there is no reason not to borrow the fha limits of 500k and just buy the fanciest house I can find. It’s not that I expect to make anything off of it, I just feel liek the financing is too good to pass up. is this wrong? I feel no obligation to pay back the loan if it’s a bad deal in the future; I don’t see how I can really lose. I am ready to buy anything with tons of upgrades at or around 500,000.

[Author]

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