- This topic has 315 replies, 29 voices, and was last updated 16 years ago by HLS.
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December 4, 2008 at 11:58 AM #311825December 4, 2008 at 12:14 PM #311364HLSParticipant
SD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.Do they have 20% to put down and decent credit to qualify for a good conventional loan ?
IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??
Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??
Sounds like a complete waste of thousands of dollars. HLS
December 4, 2008 at 12:14 PM #311721HLSParticipantSD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.Do they have 20% to put down and decent credit to qualify for a good conventional loan ?
IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??
Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??
Sounds like a complete waste of thousands of dollars. HLS
December 4, 2008 at 12:14 PM #311750HLSParticipantSD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.Do they have 20% to put down and decent credit to qualify for a good conventional loan ?
IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??
Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??
Sounds like a complete waste of thousands of dollars. HLS
December 4, 2008 at 12:14 PM #311773HLSParticipantSD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.Do they have 20% to put down and decent credit to qualify for a good conventional loan ?
IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??
Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??
Sounds like a complete waste of thousands of dollars. HLS
December 4, 2008 at 12:14 PM #311840HLSParticipantSD,
What is your buyer thinking ??
The one that is getting a FHA loan but has a down payment.Do they have 20% to put down and decent credit to qualify for a good conventional loan ?
IF so, do they understand that they are probably getting a royal screwing by getting a FHA loan ??
Did their mortgage salesperson explain the real facts of the scenario or do they even understand what the better loan is for the buyer ??
Sounds like a complete waste of thousands of dollars. HLS
December 4, 2008 at 12:42 PM #311389ArrayaParticipantWe’ve had devistating collapses in the past and the world reserve currency alwasy comes out on top. And that’s the US$.
Contrary to magical American thinking I don’t think it is possible to have exponentially increasing debt and shrinking ability to pay for it. I’m sure it will be unforeseeable, just like the “subprime” not being contained. Parabolic curves don’t last long.
Oh, look Japan want’s treasuries in the Yen. I’m sure it’s nothing.
http://www.atimes.com/atimes/Japan/JK19Dh01.html
TOKYO – Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.
December 4, 2008 at 12:42 PM #311747ArrayaParticipantWe’ve had devistating collapses in the past and the world reserve currency alwasy comes out on top. And that’s the US$.
Contrary to magical American thinking I don’t think it is possible to have exponentially increasing debt and shrinking ability to pay for it. I’m sure it will be unforeseeable, just like the “subprime” not being contained. Parabolic curves don’t last long.
Oh, look Japan want’s treasuries in the Yen. I’m sure it’s nothing.
http://www.atimes.com/atimes/Japan/JK19Dh01.html
TOKYO – Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.
December 4, 2008 at 12:42 PM #311775ArrayaParticipantWe’ve had devistating collapses in the past and the world reserve currency alwasy comes out on top. And that’s the US$.
Contrary to magical American thinking I don’t think it is possible to have exponentially increasing debt and shrinking ability to pay for it. I’m sure it will be unforeseeable, just like the “subprime” not being contained. Parabolic curves don’t last long.
Oh, look Japan want’s treasuries in the Yen. I’m sure it’s nothing.
http://www.atimes.com/atimes/Japan/JK19Dh01.html
TOKYO – Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.
December 4, 2008 at 12:42 PM #311798ArrayaParticipantWe’ve had devistating collapses in the past and the world reserve currency alwasy comes out on top. And that’s the US$.
Contrary to magical American thinking I don’t think it is possible to have exponentially increasing debt and shrinking ability to pay for it. I’m sure it will be unforeseeable, just like the “subprime” not being contained. Parabolic curves don’t last long.
Oh, look Japan want’s treasuries in the Yen. I’m sure it’s nothing.
http://www.atimes.com/atimes/Japan/JK19Dh01.html
TOKYO – Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.
December 4, 2008 at 12:42 PM #311865ArrayaParticipantWe’ve had devistating collapses in the past and the world reserve currency alwasy comes out on top. And that’s the US$.
Contrary to magical American thinking I don’t think it is possible to have exponentially increasing debt and shrinking ability to pay for it. I’m sure it will be unforeseeable, just like the “subprime” not being contained. Parabolic curves don’t last long.
Oh, look Japan want’s treasuries in the Yen. I’m sure it’s nothing.
http://www.atimes.com/atimes/Japan/JK19Dh01.html
TOKYO – Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.
December 4, 2008 at 2:22 PM #311439donaldduckmooreParticipantBut is maintaining at 4.5% technically feasible? and for how long?
December 4, 2008 at 2:22 PM #311797donaldduckmooreParticipantBut is maintaining at 4.5% technically feasible? and for how long?
December 4, 2008 at 2:22 PM #311826donaldduckmooreParticipantBut is maintaining at 4.5% technically feasible? and for how long?
December 4, 2008 at 2:22 PM #311847donaldduckmooreParticipantBut is maintaining at 4.5% technically feasible? and for how long?
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