Home › Forums › Closed Forums › Buying and Selling RE › Why can I not get a loan?
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davelj.
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January 20, 2009 at 10:30 AM #332141January 20, 2009 at 10:32 AM #331622
ncounty4
ParticipantYou name it, I’ve looked. None of the nationals (Wells, BofA, etc), local credit unions or random mortgage brokers seem to be offering 90% loans at that price point anymore. Several have told me that the PMI market has dried up.
January 20, 2009 at 10:32 AM #331959ncounty4
ParticipantYou name it, I’ve looked. None of the nationals (Wells, BofA, etc), local credit unions or random mortgage brokers seem to be offering 90% loans at that price point anymore. Several have told me that the PMI market has dried up.
January 20, 2009 at 10:32 AM #332035ncounty4
ParticipantYou name it, I’ve looked. None of the nationals (Wells, BofA, etc), local credit unions or random mortgage brokers seem to be offering 90% loans at that price point anymore. Several have told me that the PMI market has dried up.
January 20, 2009 at 10:32 AM #332062ncounty4
ParticipantYou name it, I’ve looked. None of the nationals (Wells, BofA, etc), local credit unions or random mortgage brokers seem to be offering 90% loans at that price point anymore. Several have told me that the PMI market has dried up.
January 20, 2009 at 10:32 AM #332146ncounty4
ParticipantYou name it, I’ve looked. None of the nationals (Wells, BofA, etc), local credit unions or random mortgage brokers seem to be offering 90% loans at that price point anymore. Several have told me that the PMI market has dried up.
January 20, 2009 at 10:49 AM #331636JustLurking
ParticipantIf you currently own a home, and want to buy before selling it, wouldn’t you have to qualify to carry both payments?
January 20, 2009 at 10:49 AM #331974JustLurking
ParticipantIf you currently own a home, and want to buy before selling it, wouldn’t you have to qualify to carry both payments?
January 20, 2009 at 10:49 AM #332050JustLurking
ParticipantIf you currently own a home, and want to buy before selling it, wouldn’t you have to qualify to carry both payments?
January 20, 2009 at 10:49 AM #332077JustLurking
ParticipantIf you currently own a home, and want to buy before selling it, wouldn’t you have to qualify to carry both payments?
January 20, 2009 at 10:49 AM #332161JustLurking
ParticipantIf you currently own a home, and want to buy before selling it, wouldn’t you have to qualify to carry both payments?
January 20, 2009 at 10:49 AM #331641Doofrat
ParticipantPersonally, I wouldn’t loan you the money. You may have great credit and high income, but that doesn’t mean you won’t walk if/when the $800K house becomes a $700K house. Even if it doesn’t decline, at 10% down, you’re almost underwater because of commissions and fees if you should decide/are forced to move.
January 20, 2009 at 10:49 AM #331979Doofrat
ParticipantPersonally, I wouldn’t loan you the money. You may have great credit and high income, but that doesn’t mean you won’t walk if/when the $800K house becomes a $700K house. Even if it doesn’t decline, at 10% down, you’re almost underwater because of commissions and fees if you should decide/are forced to move.
January 20, 2009 at 10:49 AM #332055Doofrat
ParticipantPersonally, I wouldn’t loan you the money. You may have great credit and high income, but that doesn’t mean you won’t walk if/when the $800K house becomes a $700K house. Even if it doesn’t decline, at 10% down, you’re almost underwater because of commissions and fees if you should decide/are forced to move.
January 20, 2009 at 10:49 AM #332082Doofrat
ParticipantPersonally, I wouldn’t loan you the money. You may have great credit and high income, but that doesn’t mean you won’t walk if/when the $800K house becomes a $700K house. Even if it doesn’t decline, at 10% down, you’re almost underwater because of commissions and fees if you should decide/are forced to move.
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