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HLS
ParticipantAny loan (max $417K) over 80% of the purchase price will require mortgage insurance or a higher rate to compensate.
Depending on the rest of your profile, you may or may not qualify for a loan next year.Do you actually know how to raise your credit score ?
I don’t think that you need to worry about prices going up around here.
A lender might allow you to borrow with total monthly payments and debt up to 60% of your gross income, more than you are comfortable with.
December 21, 2007 at 1:20 PM in reply to: How many people are holding houses off the market? #122112ParticipantIt’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.That wasn’t an article, it was op-ed, and it was written by a simplistic person…
Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.
It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.
December 21, 2007 at 1:20 PM in reply to: How many people are holding houses off the market? #122258ParticipantIt’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.That wasn’t an article, it was op-ed, and it was written by a simplistic person…
Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.
It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.
December 21, 2007 at 1:20 PM in reply to: How many people are holding houses off the market? #122280ParticipantIt’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.That wasn’t an article, it was op-ed, and it was written by a simplistic person…
Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.
It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.
December 21, 2007 at 1:20 PM in reply to: How many people are holding houses off the market? #122336ParticipantIt’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.That wasn’t an article, it was op-ed, and it was written by a simplistic person…
Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.
It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.
December 21, 2007 at 1:20 PM in reply to: How many people are holding houses off the market? #122358ParticipantIt’s just DENIAL…
Hang in there, they will accept reality if they “have to” sell.That wasn’t an article, it was op-ed, and it was written by a simplistic person…
Until then it’s a poker game, except that
nobody HAS TO BUY,
Some people HAVE TO SELL.What ever agents are telling sellers is often only an extension of the propaganda from the NAR.
You appear to be giving agents WAY too much credit.UMMM, Have you actually seen ONE other article other than this one with such a point, it’s so stupid, it’s not even worth talking about.
It reminds me of the fools sending the email around to not buy gas on Friday and prices will drop. UMM..if you need gas you will either buy it on Thursday or on Saturday.
ParticipantHave you got 20% for a down payment and reserves beyond that and a credit score above 680 and same job for 2 years+ ?
ParticipantHave you got 20% for a down payment and reserves beyond that and a credit score above 680 and same job for 2 years+ ?
ParticipantHave you got 20% for a down payment and reserves beyond that and a credit score above 680 and same job for 2 years+ ?
ParticipantHave you got 20% for a down payment and reserves beyond that and a credit score above 680 and same job for 2 years+ ?
ParticipantHave you got 20% for a down payment and reserves beyond that and a credit score above 680 and same job for 2 years+ ?
ParticipantMONT,
I’m in the mortgage biz and often get questions like yours.It depends on your overall situation and the rate/loan that you have now. Depends what you can qualify for.
It’s really not a situation to struggle over.The rental market is what it is, regardless of what you owe or what the house is worth.
If you get a fully amortized loan, you will be paying principal.
If you compare an interest only loan, your cash flow will be better.If you want an analysis of what you can actually qualify for from someone that can help you, just let me know.
You are going to get plenty of opinions here from people who don’t really understand your overall situation, but think that they do.
The longer you wait, the lower the value of the house will probably be, and from what you are asking, you will still have your other debt that may be at a higher rate and is not tax deductible.
If you wait until it’s not your primary residence to refi, your rate will be higher.If you are trying to pick the exact bottom of rates, that isn’t realistic.
ParticipantMONT,
I’m in the mortgage biz and often get questions like yours.It depends on your overall situation and the rate/loan that you have now. Depends what you can qualify for.
It’s really not a situation to struggle over.The rental market is what it is, regardless of what you owe or what the house is worth.
If you get a fully amortized loan, you will be paying principal.
If you compare an interest only loan, your cash flow will be better.If you want an analysis of what you can actually qualify for from someone that can help you, just let me know.
You are going to get plenty of opinions here from people who don’t really understand your overall situation, but think that they do.
The longer you wait, the lower the value of the house will probably be, and from what you are asking, you will still have your other debt that may be at a higher rate and is not tax deductible.
If you wait until it’s not your primary residence to refi, your rate will be higher.If you are trying to pick the exact bottom of rates, that isn’t realistic.
ParticipantMONT,
I’m in the mortgage biz and often get questions like yours.It depends on your overall situation and the rate/loan that you have now. Depends what you can qualify for.
It’s really not a situation to struggle over.The rental market is what it is, regardless of what you owe or what the house is worth.
If you get a fully amortized loan, you will be paying principal.
If you compare an interest only loan, your cash flow will be better.If you want an analysis of what you can actually qualify for from someone that can help you, just let me know.
You are going to get plenty of opinions here from people who don’t really understand your overall situation, but think that they do.
The longer you wait, the lower the value of the house will probably be, and from what you are asking, you will still have your other debt that may be at a higher rate and is not tax deductible.
If you wait until it’s not your primary residence to refi, your rate will be higher.If you are trying to pick the exact bottom of rates, that isn’t realistic.
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