[cv2]

Being a board member of a condo complex for the past five years, I have pushed our board to aggressively pursuit the foreclosure of non-payment condos. It sets a good example to other home owners that if you do not pay your HOA dues, you do not belong to here.

I am happy to report that our complex is in good shape with less than 40% in rentals, over 50% funded reserve and only 1 serious delinquency of HOA dues.

[cv2]

Being a board member of a condo complex for the past five years, I have pushed our board to aggressively pursuit the foreclosure of non-payment condos. It sets a good example to other home owners that if you do not pay your HOA dues, you do not belong to here.

I am happy to report that our complex is in good shape with less than 40% in rentals, over 50% funded reserve and only 1 serious delinquency of HOA dues.

[cv2]

Thanks, HLS and DaCounselor.

Hi HLS and DaCounselor,

I want your opinion on the impact of the low Jumbo Conforming loan rate, now below 6%, on housing market. Granted, this is still too early to see the trend since we do not know the loan qualification details and people’s reaction to it. I hope you could update your opinions as the time goes by.

[cv2]

Thanks, HLS and DaCounselor.

Hi HLS and DaCounselor,

I want your opinion on the impact of the low Jumbo Conforming loan rate, now below 6%, on housing market. Granted, this is still too early to see the trend since we do not know the loan qualification details and people’s reaction to it. I hope you could update your opinions as the time goes by.

[cv2]

Thanks, HLS and DaCounselor.

Hi HLS and DaCounselor,

I want your opinion on the impact of the low Jumbo Conforming loan rate, now below 6%, on housing market. Granted, this is still too early to see the trend since we do not know the loan qualification details and people’s reaction to it. I hope you could update your opinions as the time goes by.

[cv2]

Thanks, HLS and DaCounselor.

Hi HLS and DaCounselor,

I want your opinion on the impact of the low Jumbo Conforming loan rate, now below 6%, on housing market. Granted, this is still too early to see the trend since we do not know the loan qualification details and people’s reaction to it. I hope you could update your opinions as the time goes by.

[cv2]

Thanks, HLS and DaCounselor.

Hi HLS and DaCounselor,

I want your opinion on the impact of the low Jumbo Conforming loan rate, now below 6%, on housing market. Granted, this is still too early to see the trend since we do not know the loan qualification details and people’s reaction to it. I hope you could update your opinions as the time goes by.

[cv2]

Hi Contraman,

You need some really good references to backup your claims. If the banks are willing to reduce mortgage principals without sinking the borrower’s credit score, it will encourage people to take on more risk than they can manage. This is the last thing lending agencies would like to see.

[cv2]

Hi Contraman,

You need some really good references to backup your claims. If the banks are willing to reduce mortgage principals without sinking the borrower’s credit score, it will encourage people to take on more risk than they can manage. This is the last thing lending agencies would like to see.

[cv2]

Hi Contraman,

You need some really good references to backup your claims. If the banks are willing to reduce mortgage principals without sinking the borrower’s credit score, it will encourage people to take on more risk than they can manage. This is the last thing lending agencies would like to see.

[cv2]

Hi Contraman,

You need some really good references to backup your claims. If the banks are willing to reduce mortgage principals without sinking the borrower’s credit score, it will encourage people to take on more risk than they can manage. This is the last thing lending agencies would like to see.

[cv2]

Hi Contraman,

You need some really good references to backup your claims. If the banks are willing to reduce mortgage principals without sinking the borrower’s credit score, it will encourage people to take on more risk than they can manage. This is the last thing lending agencies would like to see.

[cv2]

Hi Raybyrnes,

Thanks for your input.

In my case, the loan amount is that high, a little over $100K. Let’s say if I pay off half of 100K, I still have to pay the same monthly payment for my original loan at $100K. Then I will have two payments: the monthly payment for $100K at 7% and the new payment for 50K. Roughly speaking my monthly payment will increase 50% right away. Granted, this will speed up my payoff schedule but I got a cash flow problem on my hand by doing this.

[cv2]

Hi Raybyrnes,

Thanks for your input.

In my case, the loan amount is that high, a little over $100K. Let’s say if I pay off half of 100K, I still have to pay the same monthly payment for my original loan at $100K. Then I will have two payments: the monthly payment for $100K at 7% and the new payment for 50K. Roughly speaking my monthly payment will increase 50% right away. Granted, this will speed up my payoff schedule but I got a cash flow problem on my hand by doing this.

[cv2]

Hi Raybyrnes,

Thanks for your input.

In my case, the loan amount is that high, a little over $100K. Let’s say if I pay off half of 100K, I still have to pay the same monthly payment for my original loan at $100K. Then I will have two payments: the monthly payment for $100K at 7% and the new payment for 50K. Roughly speaking my monthly payment will increase 50% right away. Granted, this will speed up my payoff schedule but I got a cash flow problem on my hand by doing this.

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