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April 7, 2009 at 6:11 PM #15441April 7, 2009 at 6:19 PM #377632jpinpbParticipant
HLS – some of these programs just don’t make sense. I remember back in the day when I tried to do a refi, they wouldn’t let me get the lower interest rate at the time b/c of loss of more than 20% (that I put down) in value of the house. So I guess I could make the high mortgage payment, but not the low one.
April 7, 2009 at 6:19 PM #377909jpinpbParticipantHLS – some of these programs just don’t make sense. I remember back in the day when I tried to do a refi, they wouldn’t let me get the lower interest rate at the time b/c of loss of more than 20% (that I put down) in value of the house. So I guess I could make the high mortgage payment, but not the low one.
April 7, 2009 at 6:19 PM #378089jpinpbParticipantHLS – some of these programs just don’t make sense. I remember back in the day when I tried to do a refi, they wouldn’t let me get the lower interest rate at the time b/c of loss of more than 20% (that I put down) in value of the house. So I guess I could make the high mortgage payment, but not the low one.
April 7, 2009 at 6:19 PM #378131jpinpbParticipantHLS – some of these programs just don’t make sense. I remember back in the day when I tried to do a refi, they wouldn’t let me get the lower interest rate at the time b/c of loss of more than 20% (that I put down) in value of the house. So I guess I could make the high mortgage payment, but not the low one.
April 7, 2009 at 6:19 PM #378254jpinpbParticipantHLS – some of these programs just don’t make sense. I remember back in the day when I tried to do a refi, they wouldn’t let me get the lower interest rate at the time b/c of loss of more than 20% (that I put down) in value of the house. So I guess I could make the high mortgage payment, but not the low one.
April 7, 2009 at 6:23 PM #377637HLSParticipantRefinancing a rental property to 105% with a low credit score is not cheap.. huge pricing hits.
As always, the pricing gets a bit complicated.Matrix table based on score & LTV…
This is a desperate attempt to keep people from walking away, but VERY unfair to anyone currently with mortg insurance..
People need a place to live. If this makes payments cheaper than rent, people wont care what they owe. They will have a (mostly) tax deductible rent payment.
Considering the net cost to the taxpayer, this may be the most intelligent program of any so far.
It should be successful, and the next program may be up to 125% (or more)April 7, 2009 at 6:23 PM #377914HLSParticipantRefinancing a rental property to 105% with a low credit score is not cheap.. huge pricing hits.
As always, the pricing gets a bit complicated.Matrix table based on score & LTV…
This is a desperate attempt to keep people from walking away, but VERY unfair to anyone currently with mortg insurance..
People need a place to live. If this makes payments cheaper than rent, people wont care what they owe. They will have a (mostly) tax deductible rent payment.
Considering the net cost to the taxpayer, this may be the most intelligent program of any so far.
It should be successful, and the next program may be up to 125% (or more)April 7, 2009 at 6:23 PM #378094HLSParticipantRefinancing a rental property to 105% with a low credit score is not cheap.. huge pricing hits.
As always, the pricing gets a bit complicated.Matrix table based on score & LTV…
This is a desperate attempt to keep people from walking away, but VERY unfair to anyone currently with mortg insurance..
People need a place to live. If this makes payments cheaper than rent, people wont care what they owe. They will have a (mostly) tax deductible rent payment.
Considering the net cost to the taxpayer, this may be the most intelligent program of any so far.
It should be successful, and the next program may be up to 125% (or more)April 7, 2009 at 6:23 PM #378136HLSParticipantRefinancing a rental property to 105% with a low credit score is not cheap.. huge pricing hits.
As always, the pricing gets a bit complicated.Matrix table based on score & LTV…
This is a desperate attempt to keep people from walking away, but VERY unfair to anyone currently with mortg insurance..
People need a place to live. If this makes payments cheaper than rent, people wont care what they owe. They will have a (mostly) tax deductible rent payment.
Considering the net cost to the taxpayer, this may be the most intelligent program of any so far.
It should be successful, and the next program may be up to 125% (or more)April 7, 2009 at 6:23 PM #378259HLSParticipantRefinancing a rental property to 105% with a low credit score is not cheap.. huge pricing hits.
As always, the pricing gets a bit complicated.Matrix table based on score & LTV…
This is a desperate attempt to keep people from walking away, but VERY unfair to anyone currently with mortg insurance..
People need a place to live. If this makes payments cheaper than rent, people wont care what they owe. They will have a (mostly) tax deductible rent payment.
Considering the net cost to the taxpayer, this may be the most intelligent program of any so far.
It should be successful, and the next program may be up to 125% (or more)April 8, 2009 at 9:55 AM #377990LarryTheRenterParticipantHLS – can I refinance a rental property?? 328K loan (no second)..which is 60% LTV…A townhome if that matters….What are the rates assuming good FICO and income etc etc.????? Maybe 0 or 1 point….30 yr fixed preferably….
April 8, 2009 at 9:55 AM #378267LarryTheRenterParticipantHLS – can I refinance a rental property?? 328K loan (no second)..which is 60% LTV…A townhome if that matters….What are the rates assuming good FICO and income etc etc.????? Maybe 0 or 1 point….30 yr fixed preferably….
April 8, 2009 at 9:55 AM #378447LarryTheRenterParticipantHLS – can I refinance a rental property?? 328K loan (no second)..which is 60% LTV…A townhome if that matters….What are the rates assuming good FICO and income etc etc.????? Maybe 0 or 1 point….30 yr fixed preferably….
April 8, 2009 at 9:55 AM #378488LarryTheRenterParticipantHLS – can I refinance a rental property?? 328K loan (no second)..which is 60% LTV…A townhome if that matters….What are the rates assuming good FICO and income etc etc.????? Maybe 0 or 1 point….30 yr fixed preferably….
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