[Raybyrnes]

Why not pocket the money for the time being while these guys are busy. Supply and demand is working against you. Additoinally when builders are buying commodities such as wood, cement and copper at the same time as everyone else this is going to push up rebuilding costs. Wait a couple of years and when they are scraping around for work you will be able to get a slam dunk deal.

[Raybyrnes]

Why not pocket the money for the time being while these guys are busy. Supply and demand is working against you. Additoinally when builders are buying commodities such as wood, cement and copper at the same time as everyone else this is going to push up rebuilding costs. Wait a couple of years and when they are scraping around for work you will be able to get a slam dunk deal.

[Raybyrnes]

Why not pocket the money for the time being while these guys are busy. Supply and demand is working against you. Additoinally when builders are buying commodities such as wood, cement and copper at the same time as everyone else this is going to push up rebuilding costs. Wait a couple of years and when they are scraping around for work you will be able to get a slam dunk deal.

[Raybyrnes]

Why not pocket the money for the time being while these guys are busy. Supply and demand is working against you. Additoinally when builders are buying commodities such as wood, cement and copper at the same time as everyone else this is going to push up rebuilding costs. Wait a couple of years and when they are scraping around for work you will be able to get a slam dunk deal.

[Raybyrnes]

Why not pocket the money for the time being while these guys are busy. Supply and demand is working against you. Additoinally when builders are buying commodities such as wood, cement and copper at the same time as everyone else this is going to push up rebuilding costs. Wait a couple of years and when they are scraping around for work you will be able to get a slam dunk deal.

[Raybyrnes]

stockstradr

You may want to contact the company you are moving your assets to, to see if they will pick up the charge for your transfer. Usually a company is going to charge you a couple hundred bucks as a coordination fee for transferring assets. A sort of “don’t let the door hit you on the way out charge.”

[Raybyrnes]

stockstradr

You may want to contact the company you are moving your assets to, to see if they will pick up the charge for your transfer. Usually a company is going to charge you a couple hundred bucks as a coordination fee for transferring assets. A sort of “don’t let the door hit you on the way out charge.”

[Raybyrnes]

stockstradr

You may want to contact the company you are moving your assets to, to see if they will pick up the charge for your transfer. Usually a company is going to charge you a couple hundred bucks as a coordination fee for transferring assets. A sort of “don’t let the door hit you on the way out charge.”

[Raybyrnes]

stockstradr

You may want to contact the company you are moving your assets to, to see if they will pick up the charge for your transfer. Usually a company is going to charge you a couple hundred bucks as a coordination fee for transferring assets. A sort of “don’t let the door hit you on the way out charge.”

[Raybyrnes]

kev374

Didn’t say that it makes sense. I am just looking at the qualification and family 1 qualifies for Chafa First time home owner program and Family 2 does not.

From a lender standpoint California is willing to step in and buy the one loan so they have a market to sell the loan too so there is less risk from a lender standpoint on family 1 then there is on fmaily 2. Family 2 has better traditional lending standard but the secondary market for these loan pools is drying up so they are less likely to qualify for money.

Again, I am not making a judgement here. I am just stating what I think the dollar amount s would be. Do you ahve the answer to the question? I find this interesting. You clearly asked because you or someone you know is presented with a scenario similiar to what you are describing.

[Raybyrnes]

kev374

Didn’t say that it makes sense. I am just looking at the qualification and family 1 qualifies for Chafa First time home owner program and Family 2 does not.

From a lender standpoint California is willing to step in and buy the one loan so they have a market to sell the loan too so there is less risk from a lender standpoint on family 1 then there is on fmaily 2. Family 2 has better traditional lending standard but the secondary market for these loan pools is drying up so they are less likely to qualify for money.

Again, I am not making a judgement here. I am just stating what I think the dollar amount s would be. Do you ahve the answer to the question? I find this interesting. You clearly asked because you or someone you know is presented with a scenario similiar to what you are describing.

[Raybyrnes]

kev374

Didn’t say that it makes sense. I am just looking at the qualification and family 1 qualifies for Chafa First time home owner program and Family 2 does not.

From a lender standpoint California is willing to step in and buy the one loan so they have a market to sell the loan too so there is less risk from a lender standpoint on family 1 then there is on fmaily 2. Family 2 has better traditional lending standard but the secondary market for these loan pools is drying up so they are less likely to qualify for money.

Again, I am not making a judgement here. I am just stating what I think the dollar amount s would be. Do you ahve the answer to the question? I find this interesting. You clearly asked because you or someone you know is presented with a scenario similiar to what you are describing.

[Raybyrnes]

kev374

Didn’t say that it makes sense. I am just looking at the qualification and family 1 qualifies for Chafa First time home owner program and Family 2 does not.

From a lender standpoint California is willing to step in and buy the one loan so they have a market to sell the loan too so there is less risk from a lender standpoint on family 1 then there is on fmaily 2. Family 2 has better traditional lending standard but the secondary market for these loan pools is drying up so they are less likely to qualify for money.

Again, I am not making a judgement here. I am just stating what I think the dollar amount s would be. Do you ahve the answer to the question? I find this interesting. You clearly asked because you or someone you know is presented with a scenario similiar to what you are describing.

[Raybyrnes]

Family 1 should be able to qualify for up to $486,625 in a non targeted area or 594,764 in a targeted area on New Construction. For resale non targeted they could probably look at up to 543,859 in a non targeted area or up to $664,716 in a targeted area. They can get into these program through the CHAFA Loan Program if they are a first time homebuyer becaue they meet the eligible income requirements.

Family two is subject to market rates. They don’t qualify for CHAFA becaue their income is too high. For this family I would think they are subject ot conforming loan limits which puts there maximum loan amounts twards 450000. There 45K would reduce the loan amount under 417000 but they might still have problems with the 20% down. I would still think that a sub prime or superprime might lend money up to this dollar amount.

[Raybyrnes]

Family 1 should be able to qualify for up to $486,625 in a non targeted area or 594,764 in a targeted area on New Construction. For resale non targeted they could probably look at up to 543,859 in a non targeted area or up to $664,716 in a targeted area. They can get into these program through the CHAFA Loan Program if they are a first time homebuyer becaue they meet the eligible income requirements.

Family two is subject to market rates. They don’t qualify for CHAFA becaue their income is too high. For this family I would think they are subject ot conforming loan limits which puts there maximum loan amounts twards 450000. There 45K would reduce the loan amount under 417000 but they might still have problems with the 20% down. I would still think that a sub prime or superprime might lend money up to this dollar amount.

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