- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I posted on PoliBoard, but you OT ballers will like it, too
Posted on 12/14/15 at 12:30 pm to FredsGotSlacks
Posted on 12/14/15 at 12:30 pm to FredsGotSlacks
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.
2
Posted on 12/14/15 at 12:56 pm to LSUTigersVCURams
Well yeah, tons of them, through the FHA program
And the one linked in this post is through Fannie Mae, so only those lenders who wish to pool their mortgages or sell them on the secondary market to Fannie will be issuing mortgages through this program
The answers in here make me laugh, as the United States is the most federally regulated/intertwined housing economy in the world and virtually all of us have a hand in it directly or indirectly through things such as mortgages, mortgage interest deduction, depreciation deduction, rent programs, etc. etc. etc.
The pendulum swung HARD to the side of making it extremely difficult to qualify, now they are bumping it back the other way. This WILL NEVER CHANGE just like markets go up and down over time
And the one linked in this post is through Fannie Mae, so only those lenders who wish to pool their mortgages or sell them on the secondary market to Fannie will be issuing mortgages through this program
The answers in here make me laugh, as the United States is the most federally regulated/intertwined housing economy in the world and virtually all of us have a hand in it directly or indirectly through things such as mortgages, mortgage interest deduction, depreciation deduction, rent programs, etc. etc. etc.
The pendulum swung HARD to the side of making it extremely difficult to qualify, now they are bumping it back the other way. This WILL NEVER CHANGE just like markets go up and down over time
Posted on 12/14/15 at 5:19 pm to LSUTigersVCURams
quote:
That's crazy. I really didn't think they were underwriting those kinds of mortgages anymore. But hey more power to you man.
There are so many different options available to you as a first time home buyer that it's actually scary easy to get one. One of my co-workers got something called a rural loan and basically didn't pay anything but fees. A lot of younger professionals like myself are making good money but have so much student debt and other fixed costs that it's almost impossible to save up the 10-20% that I'd like to before purchasing. But now I'm paying less then I would be if I were renting and I'm eventually going to get some equity out of this thing.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News