no loan without 20% down

[Raybyrnes]

The people I know all worked extremely hard so they earned their keep. The environment just proved to be extremely opportunististic especailly if you didn’t mind putting in long hours and dealing with the general public.

If your a CPA and making 100 k but you see that the sales people you are doing the accoutning for are earning 4 and 5 times what you are making it only seems smart to make the leep of faith that you can do it too. When the gravy train ends you still are a CPA. You just have a lot more money.

[kewp]

Ray,

All the mortgage brokers worked really hard too. So did the flippers. As did the bonds graders that marked all that junk AAA.

I hope they have been saving up, they are going to need it when they are unemployed.

[kewp]

Ray,

All the mortgage brokers worked really hard too. So did the flippers. As did the bonds graders that marked all that junk AAA.

I hope they have been saving up, they are going to need it when they are unemployed.

[kewp]

Ray,

All the mortgage brokers worked really hard too. So did the flippers. As did the bonds graders that marked all that junk AAA.

I hope they have been saving up, they are going to need it when they are unemployed.

[kewp]

Ray,

All the mortgage brokers worked really hard too. So did the flippers. As did the bonds graders that marked all that junk AAA.

I hope they have been saving up, they are going to need it when they are unemployed.

[kewp]

Ray,

All the mortgage brokers worked really hard too. So did the flippers. As did the bonds graders that marked all that junk AAA.

I hope they have been saving up, they are going to need it when they are unemployed.

[SD Realtor]

Kewp you still don’t get it so I will not address you anymore. You are obviously missing the point entirely. There is no gravy train I am referring to. What I am referring to is taking initiative. You have stated many a time about your recession proof position in higher education. That is great. Personally I live a life of little leverage and risk in exchange for lack of debt. However that decision that I have made will ultimately prevent me from achieving more extreme wealth.

If you want to piss on everyone for taking risk and making money and say, “I guess we will see how you all do when that gravy train gets derailed.” You are simply illustrating lack of comprehending the point. My gosh.

Ray, like I said, I think it is all in the wiring of each of us. What you said is correct and the affect of taxes and inflation bolster your argument even further. The fact that our system promotes that sort of methodology is something that more intelligent people take advantage of and excel in. Most of the people I have been referring to do EXACTLY what you are promoting and if anything I am more envious then anything else.

Again though, the majority of the population would not use the money that they didn’t plunk into a down payment to make more money, they use it to spend. The other issue I have a bit of exception with is as follows….

If the goal is to maximize the return on the money that you have, why purchase a property to own at all? Wouldn’t it be more prudent to simply purchase property for investment to enjoy the tax benefits, leverage to the hilt, and live in a nice rental? As long as the cost of renting is less then the cost of ownership (including the tax consequences) then wouldn’t living like that carry your mode of thought to a far end of the spectrum? It seems to me that this would be a less expensive way to live and would enable you to maximize alternate investments. This question is more philosophical but am wondering what the response will be.

SD Realtor

[SD Realtor]

Kewp you still don’t get it so I will not address you anymore. You are obviously missing the point entirely. There is no gravy train I am referring to. What I am referring to is taking initiative. You have stated many a time about your recession proof position in higher education. That is great. Personally I live a life of little leverage and risk in exchange for lack of debt. However that decision that I have made will ultimately prevent me from achieving more extreme wealth.

If you want to piss on everyone for taking risk and making money and say, “I guess we will see how you all do when that gravy train gets derailed.” You are simply illustrating lack of comprehending the point. My gosh.

Ray, like I said, I think it is all in the wiring of each of us. What you said is correct and the affect of taxes and inflation bolster your argument even further. The fact that our system promotes that sort of methodology is something that more intelligent people take advantage of and excel in. Most of the people I have been referring to do EXACTLY what you are promoting and if anything I am more envious then anything else.

Again though, the majority of the population would not use the money that they didn’t plunk into a down payment to make more money, they use it to spend. The other issue I have a bit of exception with is as follows….

If the goal is to maximize the return on the money that you have, why purchase a property to own at all? Wouldn’t it be more prudent to simply purchase property for investment to enjoy the tax benefits, leverage to the hilt, and live in a nice rental? As long as the cost of renting is less then the cost of ownership (including the tax consequences) then wouldn’t living like that carry your mode of thought to a far end of the spectrum? It seems to me that this would be a less expensive way to live and would enable you to maximize alternate investments. This question is more philosophical but am wondering what the response will be.

SD Realtor

[SD Realtor]

Kewp you still don’t get it so I will not address you anymore. You are obviously missing the point entirely. There is no gravy train I am referring to. What I am referring to is taking initiative. You have stated many a time about your recession proof position in higher education. That is great. Personally I live a life of little leverage and risk in exchange for lack of debt. However that decision that I have made will ultimately prevent me from achieving more extreme wealth.

If you want to piss on everyone for taking risk and making money and say, “I guess we will see how you all do when that gravy train gets derailed.” You are simply illustrating lack of comprehending the point. My gosh.

Ray, like I said, I think it is all in the wiring of each of us. What you said is correct and the affect of taxes and inflation bolster your argument even further. The fact that our system promotes that sort of methodology is something that more intelligent people take advantage of and excel in. Most of the people I have been referring to do EXACTLY what you are promoting and if anything I am more envious then anything else.

Again though, the majority of the population would not use the money that they didn’t plunk into a down payment to make more money, they use it to spend. The other issue I have a bit of exception with is as follows….

If the goal is to maximize the return on the money that you have, why purchase a property to own at all? Wouldn’t it be more prudent to simply purchase property for investment to enjoy the tax benefits, leverage to the hilt, and live in a nice rental? As long as the cost of renting is less then the cost of ownership (including the tax consequences) then wouldn’t living like that carry your mode of thought to a far end of the spectrum? It seems to me that this would be a less expensive way to live and would enable you to maximize alternate investments. This question is more philosophical but am wondering what the response will be.

SD Realtor

[SD Realtor]

Kewp you still don’t get it so I will not address you anymore. You are obviously missing the point entirely. There is no gravy train I am referring to. What I am referring to is taking initiative. You have stated many a time about your recession proof position in higher education. That is great. Personally I live a life of little leverage and risk in exchange for lack of debt. However that decision that I have made will ultimately prevent me from achieving more extreme wealth.

If you want to piss on everyone for taking risk and making money and say, “I guess we will see how you all do when that gravy train gets derailed.” You are simply illustrating lack of comprehending the point. My gosh.

Ray, like I said, I think it is all in the wiring of each of us. What you said is correct and the affect of taxes and inflation bolster your argument even further. The fact that our system promotes that sort of methodology is something that more intelligent people take advantage of and excel in. Most of the people I have been referring to do EXACTLY what you are promoting and if anything I am more envious then anything else.

Again though, the majority of the population would not use the money that they didn’t plunk into a down payment to make more money, they use it to spend. The other issue I have a bit of exception with is as follows….

If the goal is to maximize the return on the money that you have, why purchase a property to own at all? Wouldn’t it be more prudent to simply purchase property for investment to enjoy the tax benefits, leverage to the hilt, and live in a nice rental? As long as the cost of renting is less then the cost of ownership (including the tax consequences) then wouldn’t living like that carry your mode of thought to a far end of the spectrum? It seems to me that this would be a less expensive way to live and would enable you to maximize alternate investments. This question is more philosophical but am wondering what the response will be.

SD Realtor

[SD Realtor]

Kewp you still don’t get it so I will not address you anymore. You are obviously missing the point entirely. There is no gravy train I am referring to. What I am referring to is taking initiative. You have stated many a time about your recession proof position in higher education. That is great. Personally I live a life of little leverage and risk in exchange for lack of debt. However that decision that I have made will ultimately prevent me from achieving more extreme wealth.

If you want to piss on everyone for taking risk and making money and say, “I guess we will see how you all do when that gravy train gets derailed.” You are simply illustrating lack of comprehending the point. My gosh.

Ray, like I said, I think it is all in the wiring of each of us. What you said is correct and the affect of taxes and inflation bolster your argument even further. The fact that our system promotes that sort of methodology is something that more intelligent people take advantage of and excel in. Most of the people I have been referring to do EXACTLY what you are promoting and if anything I am more envious then anything else.

Again though, the majority of the population would not use the money that they didn’t plunk into a down payment to make more money, they use it to spend. The other issue I have a bit of exception with is as follows….

If the goal is to maximize the return on the money that you have, why purchase a property to own at all? Wouldn’t it be more prudent to simply purchase property for investment to enjoy the tax benefits, leverage to the hilt, and live in a nice rental? As long as the cost of renting is less then the cost of ownership (including the tax consequences) then wouldn’t living like that carry your mode of thought to a far end of the spectrum? It seems to me that this would be a less expensive way to live and would enable you to maximize alternate investments. This question is more philosophical but am wondering what the response will be.

SD Realtor

[HLS]

Ranjan….

I have been quite busy, and haven’t read these posts lately, sorry. I didn’t read this entire thread, it’s 50+ posts now.

Believe it or not, there are still programs for 100% purchases, and there are still stated income loans,
IF you qualify…

The current comforming loan of $417K and under are conditioned by FNMA and FreddieMac. They didn’t offer 100% financing, only 95%. The talk of raised conf loan amounts hasn’t been addressed yet.

As of late, certain areas have been determined to be “areas of declining value” and any property in that class is automatically reduced by 5%, so the the old 95% loan is now only 90%.

FHA still has 97% financing (3% down) but the costs/fees are too high IMO.

Loans over 80% still require mortgage insurance.

If you would like my contact info, please email me at [email protected] and I will send you my contact info.
Please post that you have sent me an email, as I don’t check that address unless prompted.

Will be happy to provide any information that I can.

[HLS]

Ranjan….

I have been quite busy, and haven’t read these posts lately, sorry. I didn’t read this entire thread, it’s 50+ posts now.

Believe it or not, there are still programs for 100% purchases, and there are still stated income loans,
IF you qualify…

The current comforming loan of $417K and under are conditioned by FNMA and FreddieMac. They didn’t offer 100% financing, only 95%. The talk of raised conf loan amounts hasn’t been addressed yet.

As of late, certain areas have been determined to be “areas of declining value” and any property in that class is automatically reduced by 5%, so the the old 95% loan is now only 90%.

FHA still has 97% financing (3% down) but the costs/fees are too high IMO.

Loans over 80% still require mortgage insurance.

If you would like my contact info, please email me at [email protected] and I will send you my contact info.
Please post that you have sent me an email, as I don’t check that address unless prompted.

Will be happy to provide any information that I can.

[HLS]

Ranjan….

I have been quite busy, and haven’t read these posts lately, sorry. I didn’t read this entire thread, it’s 50+ posts now.

Believe it or not, there are still programs for 100% purchases, and there are still stated income loans,
IF you qualify…

The current comforming loan of $417K and under are conditioned by FNMA and FreddieMac. They didn’t offer 100% financing, only 95%. The talk of raised conf loan amounts hasn’t been addressed yet.

As of late, certain areas have been determined to be “areas of declining value” and any property in that class is automatically reduced by 5%, so the the old 95% loan is now only 90%.

FHA still has 97% financing (3% down) but the costs/fees are too high IMO.

Loans over 80% still require mortgage insurance.

If you would like my contact info, please email me at [email protected] and I will send you my contact info.
Please post that you have sent me an email, as I don’t check that address unless prompted.

Will be happy to provide any information that I can.

[HLS]

Ranjan….

I have been quite busy, and haven’t read these posts lately, sorry. I didn’t read this entire thread, it’s 50+ posts now.

Believe it or not, there are still programs for 100% purchases, and there are still stated income loans,
IF you qualify…

The current comforming loan of $417K and under are conditioned by FNMA and FreddieMac. They didn’t offer 100% financing, only 95%. The talk of raised conf loan amounts hasn’t been addressed yet.

As of late, certain areas have been determined to be “areas of declining value” and any property in that class is automatically reduced by 5%, so the the old 95% loan is now only 90%.

FHA still has 97% financing (3% down) but the costs/fees are too high IMO.

Loans over 80% still require mortgage insurance.

If you would like my contact info, please email me at [email protected] and I will send you my contact info.
Please post that you have sent me an email, as I don’t check that address unless prompted.

Will be happy to provide any information that I can.

[Author]

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