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  • April 6, 2011 at 4:05 PM #685400
    bearishgurl
    Participant

    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.

    April 6, 2011 at 5:16 PM #684275
    an
    Participant

    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.

    April 6, 2011 at 5:16 PM #684324
    an
    Participant

    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.

    April 6, 2011 at 5:16 PM #684954
    an
    Participant

    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.

    April 6, 2011 at 5:16 PM #685095
    an
    Participant

    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.

    April 6, 2011 at 5:16 PM #685445
    an
    Participant

    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.

    April 6, 2011 at 5:36 PM #684310
    bearishgurl
    Participant

    [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.

    April 6, 2011 at 5:36 PM #684359
    bearishgurl
    Participant

    [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.

    April 6, 2011 at 5:36 PM #684989
    bearishgurl
    Participant

    [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.

    April 6, 2011 at 5:36 PM #685130
    bearishgurl
    Participant

    [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.

    April 6, 2011 at 5:36 PM #685480
    bearishgurl
    Participant

    [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.

    April 6, 2011 at 5:49 PM #684330
    Scarlett
    Participant

    [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]

    You betcha!

    April 6, 2011 at 5:49 PM #684379
    Scarlett
    Participant

    [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]

    You betcha!

    April 6, 2011 at 5:49 PM #685009
    Scarlett
    Participant

    [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]

    You betcha!

    April 6, 2011 at 5:49 PM #685150
    Scarlett
    Participant

    [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]

    You betcha!

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