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re: I posted on PoliBoard, but you OT ballers will like it, too

Posted on 12/14/15 at 12:10 pm to
Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
815 posts
Posted on 12/14/15 at 12:10 pm to
quote:

3% of $250K is $7500 dollars.

You're going to have people putting down $7500 on a $250,000 house.

These people are ALL going to default! I mean is that part of the plan?

I put down 3.5 on a 260 k house in April and I have no problem paying my mortgage.
Posted by LSUTigersVCURams
Member since Jul 2014
21940 posts
Posted on 12/14/15 at 12:30 pm to
quote:

I put down 3.5 on a 260 k house in April and I have no problem paying my mortgage.


That's crazy. I really didn't think they were underwriting those kinds of mortgages anymore. But hey more power to you man.
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