[Daniel]

Thank you, HLS. Your posts are most informative. I guess I’m one of the few who are cheering the new JC limits. Self-serving, I know. Cheap loans with tight underwriting standards suit me like a glove, so I’m not ashamed to admit that I welcome them.

And, a bit off-topic: are you serious about the 60% DTI? Is the “I” in DTI gross income? If so, let’s see… a third goes to taxes, 60% goes to debt service, not much left there, isn’t it?

And, way off-topic: I have a fun anecdote about the “D” in DTI. A few years back, I was filling out a mortgage application, and the broker asked: “Credit card debt?”. “None”, I said. “Car payments?”. “No, don’t have those, either”. “Wow, you’re in great shape!”, she said. I was sitting there, thinking to myself “Should I mention that I have two kids in daycare, costing me over $2,000 a month? It’s like paying for a couple of Ferraris”. So, really, HLS, shouldn’t the lenders care about that? Anybody who has kids will tell you they’re way more expensive than any cars they’ve ever driven.

[Daniel]

Thank you, HLS. Your posts are most informative. I guess I’m one of the few who are cheering the new JC limits. Self-serving, I know. Cheap loans with tight underwriting standards suit me like a glove, so I’m not ashamed to admit that I welcome them.

And, a bit off-topic: are you serious about the 60% DTI? Is the “I” in DTI gross income? If so, let’s see… a third goes to taxes, 60% goes to debt service, not much left there, isn’t it?

And, way off-topic: I have a fun anecdote about the “D” in DTI. A few years back, I was filling out a mortgage application, and the broker asked: “Credit card debt?”. “None”, I said. “Car payments?”. “No, don’t have those, either”. “Wow, you’re in great shape!”, she said. I was sitting there, thinking to myself “Should I mention that I have two kids in daycare, costing me over $2,000 a month? It’s like paying for a couple of Ferraris”. So, really, HLS, shouldn’t the lenders care about that? Anybody who has kids will tell you they’re way more expensive than any cars they’ve ever driven.

[Daniel]

Thank you, HLS. Your posts are most informative. I guess I’m one of the few who are cheering the new JC limits. Self-serving, I know. Cheap loans with tight underwriting standards suit me like a glove, so I’m not ashamed to admit that I welcome them.

And, a bit off-topic: are you serious about the 60% DTI? Is the “I” in DTI gross income? If so, let’s see… a third goes to taxes, 60% goes to debt service, not much left there, isn’t it?

And, way off-topic: I have a fun anecdote about the “D” in DTI. A few years back, I was filling out a mortgage application, and the broker asked: “Credit card debt?”. “None”, I said. “Car payments?”. “No, don’t have those, either”. “Wow, you’re in great shape!”, she said. I was sitting there, thinking to myself “Should I mention that I have two kids in daycare, costing me over $2,000 a month? It’s like paying for a couple of Ferraris”. So, really, HLS, shouldn’t the lenders care about that? Anybody who has kids will tell you they’re way more expensive than any cars they’ve ever driven.

[Daniel]

Thank you, HLS. Your posts are most informative. I guess I’m one of the few who are cheering the new JC limits. Self-serving, I know. Cheap loans with tight underwriting standards suit me like a glove, so I’m not ashamed to admit that I welcome them.

And, a bit off-topic: are you serious about the 60% DTI? Is the “I” in DTI gross income? If so, let’s see… a third goes to taxes, 60% goes to debt service, not much left there, isn’t it?

And, way off-topic: I have a fun anecdote about the “D” in DTI. A few years back, I was filling out a mortgage application, and the broker asked: “Credit card debt?”. “None”, I said. “Car payments?”. “No, don’t have those, either”. “Wow, you’re in great shape!”, she said. I was sitting there, thinking to myself “Should I mention that I have two kids in daycare, costing me over $2,000 a month? It’s like paying for a couple of Ferraris”. So, really, HLS, shouldn’t the lenders care about that? Anybody who has kids will tell you they’re way more expensive than any cars they’ve ever driven.

[Daniel]

HLS,

Could I ask you a question regarding these JC loans? What type of people walk in your door asking for them? I’m sure you see all sort of cases, from underwater folks that you have to turn away, to those who have perfect credit and 50% down. I’m trying to get a feeling on how many there are in each category. So, what would you say? Mostly in distress, or mostly in good shape, or a little bit of both?

Thanks,
Daniel

[Daniel]

HLS,

Could I ask you a question regarding these JC loans? What type of people walk in your door asking for them? I’m sure you see all sort of cases, from underwater folks that you have to turn away, to those who have perfect credit and 50% down. I’m trying to get a feeling on how many there are in each category. So, what would you say? Mostly in distress, or mostly in good shape, or a little bit of both?

Thanks,
Daniel

[Daniel]

HLS,

Could I ask you a question regarding these JC loans? What type of people walk in your door asking for them? I’m sure you see all sort of cases, from underwater folks that you have to turn away, to those who have perfect credit and 50% down. I’m trying to get a feeling on how many there are in each category. So, what would you say? Mostly in distress, or mostly in good shape, or a little bit of both?

Thanks,
Daniel

[Daniel]

HLS,

Could I ask you a question regarding these JC loans? What type of people walk in your door asking for them? I’m sure you see all sort of cases, from underwater folks that you have to turn away, to those who have perfect credit and 50% down. I’m trying to get a feeling on how many there are in each category. So, what would you say? Mostly in distress, or mostly in good shape, or a little bit of both?

Thanks,
Daniel

[Daniel]

HLS,

Could I ask you a question regarding these JC loans? What type of people walk in your door asking for them? I’m sure you see all sort of cases, from underwater folks that you have to turn away, to those who have perfect credit and 50% down. I’m trying to get a feeling on how many there are in each category. So, what would you say? Mostly in distress, or mostly in good shape, or a little bit of both?

Thanks,
Daniel

[Daniel]

About $1.50/sq ft, but it can vary a lot (naturally, the bigger houses tend to have lower per square foot numbers). In the older parts of CV (west), watch out for poorly maintained rentals. In the newer parts (east and Santaluz), watch out for overextended landlords.

[Daniel]

About $1.50/sq ft, but it can vary a lot (naturally, the bigger houses tend to have lower per square foot numbers). In the older parts of CV (west), watch out for poorly maintained rentals. In the newer parts (east and Santaluz), watch out for overextended landlords.

[Daniel]

About $1.50/sq ft, but it can vary a lot (naturally, the bigger houses tend to have lower per square foot numbers). In the older parts of CV (west), watch out for poorly maintained rentals. In the newer parts (east and Santaluz), watch out for overextended landlords.

[Daniel]

About $1.50/sq ft, but it can vary a lot (naturally, the bigger houses tend to have lower per square foot numbers). In the older parts of CV (west), watch out for poorly maintained rentals. In the newer parts (east and Santaluz), watch out for overextended landlords.

[Daniel]

About $1.50/sq ft, but it can vary a lot (naturally, the bigger houses tend to have lower per square foot numbers). In the older parts of CV (west), watch out for poorly maintained rentals. In the newer parts (east and Santaluz), watch out for overextended landlords.

[Daniel]

Lemme know if you end up picking this one, maybe we can barbecue together 🙂

http://sandiego.craigslist.org/nsd/apa/669359858.html

May be a bit too far west for you, though. This is right next to Del Mar.

[Author]

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