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January 2, 2009 at 10:25 PM in reply to: WSJ human interest article on how a broken down shack gets $103K loan #322953
patb
Participantlegitimately, if she was injured, she’s not going to be working
and if she was supporting 23 people many of whom are
children or other disabled people the food stamps
alone are going to be worth 2K/month.honestly the whole thing sounds kind of sad.
January 2, 2009 at 10:25 PM in reply to: WSJ human interest article on how a broken down shack gets $103K loan #323294patb
Participantlegitimately, if she was injured, she’s not going to be working
and if she was supporting 23 people many of whom are
children or other disabled people the food stamps
alone are going to be worth 2K/month.honestly the whole thing sounds kind of sad.
January 2, 2009 at 10:25 PM in reply to: WSJ human interest article on how a broken down shack gets $103K loan #323355patb
Participantlegitimately, if she was injured, she’s not going to be working
and if she was supporting 23 people many of whom are
children or other disabled people the food stamps
alone are going to be worth 2K/month.honestly the whole thing sounds kind of sad.
January 2, 2009 at 10:25 PM in reply to: WSJ human interest article on how a broken down shack gets $103K loan #323372patb
Participantlegitimately, if she was injured, she’s not going to be working
and if she was supporting 23 people many of whom are
children or other disabled people the food stamps
alone are going to be worth 2K/month.honestly the whole thing sounds kind of sad.
January 2, 2009 at 10:25 PM in reply to: WSJ human interest article on how a broken down shack gets $103K loan #323451patb
Participantlegitimately, if she was injured, she’s not going to be working
and if she was supporting 23 people many of whom are
children or other disabled people the food stamps
alone are going to be worth 2K/month.honestly the whole thing sounds kind of sad.
patb
Participant[quote=Homeschool2Boys] I would like to cut my hours (80-90 per week) and therefore, my income, to spend more time on my health and with my kids. Wife doesn’t work (homeschools), so can’t afford to scale down with our current $5200/month mortgage. Should I sell, and buy a $500-$600K house with cash? Am I crazy? My blood pressure is 190/120 and I need to start taking better care of myself! Any advice? Thanks! [/quote]
Doc
it’s just my advice but i think you said the magic two phrases
1) you are working 90 hour weeks
2) your BP is 190.
lets do the math, you are burning the candle at both ends,
and at some point you will burn out.if you cash out, you can work a more reasonable schedule
and make decent coin.patb
Participant[quote=Homeschool2Boys] I would like to cut my hours (80-90 per week) and therefore, my income, to spend more time on my health and with my kids. Wife doesn’t work (homeschools), so can’t afford to scale down with our current $5200/month mortgage. Should I sell, and buy a $500-$600K house with cash? Am I crazy? My blood pressure is 190/120 and I need to start taking better care of myself! Any advice? Thanks! [/quote]
Doc
it’s just my advice but i think you said the magic two phrases
1) you are working 90 hour weeks
2) your BP is 190.
lets do the math, you are burning the candle at both ends,
and at some point you will burn out.if you cash out, you can work a more reasonable schedule
and make decent coin.patb
Participant[quote=Homeschool2Boys] I would like to cut my hours (80-90 per week) and therefore, my income, to spend more time on my health and with my kids. Wife doesn’t work (homeschools), so can’t afford to scale down with our current $5200/month mortgage. Should I sell, and buy a $500-$600K house with cash? Am I crazy? My blood pressure is 190/120 and I need to start taking better care of myself! Any advice? Thanks! [/quote]
Doc
it’s just my advice but i think you said the magic two phrases
1) you are working 90 hour weeks
2) your BP is 190.
lets do the math, you are burning the candle at both ends,
and at some point you will burn out.if you cash out, you can work a more reasonable schedule
and make decent coin.patb
Participant[quote=Homeschool2Boys] I would like to cut my hours (80-90 per week) and therefore, my income, to spend more time on my health and with my kids. Wife doesn’t work (homeschools), so can’t afford to scale down with our current $5200/month mortgage. Should I sell, and buy a $500-$600K house with cash? Am I crazy? My blood pressure is 190/120 and I need to start taking better care of myself! Any advice? Thanks! [/quote]
Doc
it’s just my advice but i think you said the magic two phrases
1) you are working 90 hour weeks
2) your BP is 190.
lets do the math, you are burning the candle at both ends,
and at some point you will burn out.if you cash out, you can work a more reasonable schedule
and make decent coin.patb
Participant[quote=Homeschool2Boys] I would like to cut my hours (80-90 per week) and therefore, my income, to spend more time on my health and with my kids. Wife doesn’t work (homeschools), so can’t afford to scale down with our current $5200/month mortgage. Should I sell, and buy a $500-$600K house with cash? Am I crazy? My blood pressure is 190/120 and I need to start taking better care of myself! Any advice? Thanks! [/quote]
Doc
it’s just my advice but i think you said the magic two phrases
1) you are working 90 hour weeks
2) your BP is 190.
lets do the math, you are burning the candle at both ends,
and at some point you will burn out.if you cash out, you can work a more reasonable schedule
and make decent coin.December 28, 2008 at 9:45 PM in reply to: On Price, Intrinsic Value, MBS, and Mark-to-Market #320807patb
Participantirst Lien Credit Grade Category: “A”
Loan-To-Value Ratio: Maximum of 100%
Debt-To-Income Ratio: Maximum of 55%
Loan Amount: Maximum of $1,000,000
Credit Bureau Risk Score: Minimum of—
500 for loan amounts up to $700,000,
560 for loan amounts of $700,001 to $750,000,
580 for loan amounts of $750,001 to $850,000, or
600 for loan amounts of $850,001 to $1,000,000.
Mortgage History: No more than 1 non-consecutive delinquency of 30 days during the past 12 months.
Bankruptcy: At least 1 day since discharge or 2 years since dismissal of Chapter 7 or 13 Bankruptcy.
Foreclosure/Notice of Default: At least 3 years since foreclosure/notice of default released.(They call that Grade A?)
i’d buy these at 3 cents on the dollar,
December 28, 2008 at 9:45 PM in reply to: On Price, Intrinsic Value, MBS, and Mark-to-Market #321154patb
Participantirst Lien Credit Grade Category: “A”
Loan-To-Value Ratio: Maximum of 100%
Debt-To-Income Ratio: Maximum of 55%
Loan Amount: Maximum of $1,000,000
Credit Bureau Risk Score: Minimum of—
500 for loan amounts up to $700,000,
560 for loan amounts of $700,001 to $750,000,
580 for loan amounts of $750,001 to $850,000, or
600 for loan amounts of $850,001 to $1,000,000.
Mortgage History: No more than 1 non-consecutive delinquency of 30 days during the past 12 months.
Bankruptcy: At least 1 day since discharge or 2 years since dismissal of Chapter 7 or 13 Bankruptcy.
Foreclosure/Notice of Default: At least 3 years since foreclosure/notice of default released.(They call that Grade A?)
i’d buy these at 3 cents on the dollar,
December 28, 2008 at 9:45 PM in reply to: On Price, Intrinsic Value, MBS, and Mark-to-Market #321208patb
Participantirst Lien Credit Grade Category: “A”
Loan-To-Value Ratio: Maximum of 100%
Debt-To-Income Ratio: Maximum of 55%
Loan Amount: Maximum of $1,000,000
Credit Bureau Risk Score: Minimum of—
500 for loan amounts up to $700,000,
560 for loan amounts of $700,001 to $750,000,
580 for loan amounts of $750,001 to $850,000, or
600 for loan amounts of $850,001 to $1,000,000.
Mortgage History: No more than 1 non-consecutive delinquency of 30 days during the past 12 months.
Bankruptcy: At least 1 day since discharge or 2 years since dismissal of Chapter 7 or 13 Bankruptcy.
Foreclosure/Notice of Default: At least 3 years since foreclosure/notice of default released.(They call that Grade A?)
i’d buy these at 3 cents on the dollar,
December 28, 2008 at 9:45 PM in reply to: On Price, Intrinsic Value, MBS, and Mark-to-Market #321227patb
Participantirst Lien Credit Grade Category: “A”
Loan-To-Value Ratio: Maximum of 100%
Debt-To-Income Ratio: Maximum of 55%
Loan Amount: Maximum of $1,000,000
Credit Bureau Risk Score: Minimum of—
500 for loan amounts up to $700,000,
560 for loan amounts of $700,001 to $750,000,
580 for loan amounts of $750,001 to $850,000, or
600 for loan amounts of $850,001 to $1,000,000.
Mortgage History: No more than 1 non-consecutive delinquency of 30 days during the past 12 months.
Bankruptcy: At least 1 day since discharge or 2 years since dismissal of Chapter 7 or 13 Bankruptcy.
Foreclosure/Notice of Default: At least 3 years since foreclosure/notice of default released.(They call that Grade A?)
i’d buy these at 3 cents on the dollar,
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