Menu

Home › Forums › Housing › What loan would you do???

Viewing 11 posts - 31 through 41 (of 41 total)
1 2 3
  • Author
    Posts
  • June 29, 2009 at 3:13 PM #422581
    propertysearchaddiction
    Participant

    I was told that you have to pay PMI for 2 years even if the LTV is at 80%. I was also told it was 78% LTV. You might want to confirm with a loan officer just so you aren’t disappointed with all of the FHA rules.
    Personally, I don’t like that you can’t waive escrow on FHA so you will have taxes and insurance included in your monthly payment. I would rather keep the cash and pay it every 6 months.

    June 29, 2009 at 5:09 PM #421908
    patientrenter
    Participant

    FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.

    June 29, 2009 at 5:09 PM #422137
    patientrenter
    Participant

    FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.

    June 29, 2009 at 5:09 PM #422410
    patientrenter
    Participant

    FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.

    June 29, 2009 at 5:09 PM #422479
    patientrenter
    Participant

    FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.

    June 29, 2009 at 5:09 PM #422641
    patientrenter
    Participant

    FHA with a minimum down payment sounds good. You can walk away if prices go down a lot more. Why are FHA terms not being offered by purely private parties? Because the implicit at-the-money put option given to you by that FHA loan is very valuable, and FHA is underpricing it. Take advantage.

    June 29, 2009 at 5:45 PM #421993
    jpinpb
    Participant

    You can always be bullish and go FHA and maybe prices will go up 20% and there you go 🙂

    If it continues to go down, you’ve lost money that maybe would come in handy later.

    June 29, 2009 at 5:45 PM #422222
    jpinpb
    Participant

    You can always be bullish and go FHA and maybe prices will go up 20% and there you go 🙂

    If it continues to go down, you’ve lost money that maybe would come in handy later.

    June 29, 2009 at 5:45 PM #422495
    jpinpb
    Participant

    You can always be bullish and go FHA and maybe prices will go up 20% and there you go 🙂

    If it continues to go down, you’ve lost money that maybe would come in handy later.

    June 29, 2009 at 5:45 PM #422564
    jpinpb
    Participant

    You can always be bullish and go FHA and maybe prices will go up 20% and there you go 🙂

    If it continues to go down, you’ve lost money that maybe would come in handy later.

    June 29, 2009 at 5:45 PM #422725
    jpinpb
    Participant

    You can always be bullish and go FHA and maybe prices will go up 20% and there you go 🙂

    If it continues to go down, you’ve lost money that maybe would come in handy later.

  • Author
    Posts
Viewing 11 posts - 31 through 41 (of 41 total)
1 2 3
  • You must be logged in to reply to this topic.