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temeculaguy
ParticipantGeorgia tried something similar in 2003, their anti predatory lending law resulted in all of the major lenders refusing to business there. Even the VA/FHA/Fannie/Freddie curbed their dealings with anything in Georgia. They created a credit crunch and eventually reversed themselves. Perfect example of the law of unintended consequences.
Aguirre will not be successful, but on the off chance that he is, all it will accomplish is a complete implosion of the market. He will be personally responsible for causing the inability of anyone to get a loan, driving prices down further, faster, thus creating more foreclosures. Good luck Mike, it is going to be hillarious to watch. Either he effectively burns the market and the local economy to the ground or he fails and looks like an uninformed buffoon, entertaining either way and the first scenario will probably result in the first actual “tar and feather” incident in my lifetime. I can’t wait.
ParticipantGeorgia tried something similar in 2003, their anti predatory lending law resulted in all of the major lenders refusing to business there. Even the VA/FHA/Fannie/Freddie curbed their dealings with anything in Georgia. They created a credit crunch and eventually reversed themselves. Perfect example of the law of unintended consequences.
Aguirre will not be successful, but on the off chance that he is, all it will accomplish is a complete implosion of the market. He will be personally responsible for causing the inability of anyone to get a loan, driving prices down further, faster, thus creating more foreclosures. Good luck Mike, it is going to be hillarious to watch. Either he effectively burns the market and the local economy to the ground or he fails and looks like an uninformed buffoon, entertaining either way and the first scenario will probably result in the first actual “tar and feather” incident in my lifetime. I can’t wait.
ParticipantGeorgia tried something similar in 2003, their anti predatory lending law resulted in all of the major lenders refusing to business there. Even the VA/FHA/Fannie/Freddie curbed their dealings with anything in Georgia. They created a credit crunch and eventually reversed themselves. Perfect example of the law of unintended consequences.
Aguirre will not be successful, but on the off chance that he is, all it will accomplish is a complete implosion of the market. He will be personally responsible for causing the inability of anyone to get a loan, driving prices down further, faster, thus creating more foreclosures. Good luck Mike, it is going to be hillarious to watch. Either he effectively burns the market and the local economy to the ground or he fails and looks like an uninformed buffoon, entertaining either way and the first scenario will probably result in the first actual “tar and feather” incident in my lifetime. I can’t wait.
ParticipantHe could fight it but who cares, life is too short to have people in your life like this. This probably isn’t the first jerky thing they have done and wont be the last. He should get his money back and look elsewhere and especially not deal with that agent even on another property.
ParticipantHe could fight it but who cares, life is too short to have people in your life like this. This probably isn’t the first jerky thing they have done and wont be the last. He should get his money back and look elsewhere and especially not deal with that agent even on another property.
ParticipantHe could fight it but who cares, life is too short to have people in your life like this. This probably isn’t the first jerky thing they have done and wont be the last. He should get his money back and look elsewhere and especially not deal with that agent even on another property.
ParticipantHe could fight it but who cares, life is too short to have people in your life like this. This probably isn’t the first jerky thing they have done and wont be the last. He should get his money back and look elsewhere and especially not deal with that agent even on another property.
ParticipantHe could fight it but who cares, life is too short to have people in your life like this. This probably isn’t the first jerky thing they have done and wont be the last. He should get his money back and look elsewhere and especially not deal with that agent even on another property.
ParticipantI ran the calculator a few ways, it requires a minimum of 10% down. The rate was 6 7/8, a tad higher than can be found elsewhere, that is probably where they make it up. It probably has stricter qualification requirements, i didn’t go far enough into the calculator because I didn’t want to give contact info. PMI goes down as downpayment goes up, between 10-19% down the PMI isn’t nearly what it is with 0-9% down.
ParticipantI ran the calculator a few ways, it requires a minimum of 10% down. The rate was 6 7/8, a tad higher than can be found elsewhere, that is probably where they make it up. It probably has stricter qualification requirements, i didn’t go far enough into the calculator because I didn’t want to give contact info. PMI goes down as downpayment goes up, between 10-19% down the PMI isn’t nearly what it is with 0-9% down.
ParticipantI ran the calculator a few ways, it requires a minimum of 10% down. The rate was 6 7/8, a tad higher than can be found elsewhere, that is probably where they make it up. It probably has stricter qualification requirements, i didn’t go far enough into the calculator because I didn’t want to give contact info. PMI goes down as downpayment goes up, between 10-19% down the PMI isn’t nearly what it is with 0-9% down.
ParticipantI ran the calculator a few ways, it requires a minimum of 10% down. The rate was 6 7/8, a tad higher than can be found elsewhere, that is probably where they make it up. It probably has stricter qualification requirements, i didn’t go far enough into the calculator because I didn’t want to give contact info. PMI goes down as downpayment goes up, between 10-19% down the PMI isn’t nearly what it is with 0-9% down.
ParticipantI ran the calculator a few ways, it requires a minimum of 10% down. The rate was 6 7/8, a tad higher than can be found elsewhere, that is probably where they make it up. It probably has stricter qualification requirements, i didn’t go far enough into the calculator because I didn’t want to give contact info. PMI goes down as downpayment goes up, between 10-19% down the PMI isn’t nearly what it is with 0-9% down.
ParticipantI am not a realtor or a finance guy, I am a layman+, there are plenty of learned folks who will gladly reply. You took the first step, the rest is easy, just dont post the address or street name and you should be fine when it comes to stalkers and serial killers, I’ve posted plenty of basic information and have yet to attract a stalker despite repeated attempts to get one. None of the particulars I asked will allow anyone to figure out who you are. If it still bothers you do divulge even the most basic info, you can e-mail me at [email protected] but my advice will just be that, my advice. Throwing it on the boards will give you a chance to gain a consensus and options, filter through the attacks and focus on the advice from the regulars.
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