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CostaMesa
Participanteye-pod – have you got anything better to contribute to the discussion than some weak personal attack towards me for merely pointing out the blatantly obvious? That you choose to characterize it as ‘political’ only underscores the silly yet nasty intent.
On topic…
I think comparisons to precious metals are somewhat silly. Once the specialty PGMs are taken out of the equation (Pd an Rh that both have unique industrial uses) then the average doubling of the precious metals in the last handful of years hardly compares to the quadrupling of housing values during the same time.
Lookup ‘Johnson-Matthey’ for the definition of the acronym.
ParticipantThat sure didn’t take very long. What, a week?
Sad.
ParticipantThat sure didn’t take very long. What, a week?
Sad.
ParticipantThat sure didn’t take very long. What, a week?
Sad.
ParticipantHLS: Am I reading that right…your client didn’t qualify for 6.74% but did qualify for 6.25%? Is the MI payment bigger than the marginal payment difference of the lower interest rate?
Thanks for helping us newbs out with the real deal…
ParticipantHLS: Am I reading that right…your client didn’t qualify for 6.74% but did qualify for 6.25%? Is the MI payment bigger than the marginal payment difference of the lower interest rate?
Thanks for helping us newbs out with the real deal…
ParticipantHLS: Am I reading that right…your client didn’t qualify for 6.74% but did qualify for 6.25%? Is the MI payment bigger than the marginal payment difference of the lower interest rate?
Thanks for helping us newbs out with the real deal…
ParticipantI have a question for the experts – admittedly, I’m not a finance guy.
Using the above example, I was under the impression that the $417K limit was for purchase price, not loan amount. Thus, the 20% down would shift exposure to downside price risk from the lender to the buyer.
I guess that it could go either way, but could someone who knows confirm this? Is it $417k loan value or purchase price for a conforming loan?
If it’s loan value, does that predicate a 20% down – thus setting the max purchase price at ~$521K with a $104K down? If so, I think that half-million will be the new magic number…
ParticipantI have a question for the experts – admittedly, I’m not a finance guy.
Using the above example, I was under the impression that the $417K limit was for purchase price, not loan amount. Thus, the 20% down would shift exposure to downside price risk from the lender to the buyer.
I guess that it could go either way, but could someone who knows confirm this? Is it $417k loan value or purchase price for a conforming loan?
If it’s loan value, does that predicate a 20% down – thus setting the max purchase price at ~$521K with a $104K down? If so, I think that half-million will be the new magic number…
ParticipantI have a question for the experts – admittedly, I’m not a finance guy.
Using the above example, I was under the impression that the $417K limit was for purchase price, not loan amount. Thus, the 20% down would shift exposure to downside price risk from the lender to the buyer.
I guess that it could go either way, but could someone who knows confirm this? Is it $417k loan value or purchase price for a conforming loan?
If it’s loan value, does that predicate a 20% down – thus setting the max purchase price at ~$521K with a $104K down? If so, I think that half-million will be the new magic number…
August 18, 2007 at 10:47 PM in reply to: How the S&L crisis is similar to what’s happening now #77733ParticipantAugust 18, 2007 at 10:47 PM in reply to: How the S&L crisis is similar to what’s happening now #77856ParticipantAugust 18, 2007 at 10:47 PM in reply to: How the S&L crisis is similar to what’s happening now #77882ParticipantParticipantA Lotus Elise with an extra 650 pounds? Heresy. Colin Chapman is rolling in his grave…
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