I’d also like to see privatization of the mortgage market but I still think the conventional conforming ceiling needs to be higher in high-cost areas than lower-cost areas. I DO think the VA/FHA ceilings are way too high. Buyers who use these loans typically cannot qualify for a $700K + loan and it is not prudent to lend more than about $300K on a zero down or low downpayment program, such as VA/FHA, IMO.
Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.
Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.
Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.
Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.
Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.
[quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.
[quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.
[quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.
[quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.
[quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.
[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
