0
- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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: California passes new law where only have to put down 3% for new home instead of 20 %
Posted on 11/6/26 at 1:16 pm to Rip Torner
Posted on 11/6/26 at 1:16 pm to Rip Torner
quote:
You can avoid PMI at 20% but 97% loans have been a thing
Probably. I've never paid PMI with 85/15/5 or 80/20 loans.
This post was edited on 11/6/26 at 1:20 pm
Posted on 11/6/26 at 1:17 pm to Powerman
quote:
What exactly do you think that you've uncovered here?
The first step for many on the path to bankruptcy as they start trying to put down on a home they can't afford because the down payment is so low.
It's like people have already forgotten the lessons of the GFC.
Posted on 11/6/26 at 1:18 pm to Powerman
He saw a tweet that had the word “BREAKING” in it and just blindly assumed it was a big deal.
Happens all the time around here, honestly.
Happens all the time around here, honestly.
Posted on 11/6/26 at 1:18 pm to tigerskin
How could this go wrong? NINJA loans revisited.
Posted on 11/6/26 at 1:20 pm to mwade91383
quote:
He saw a tweet that had the word “BREAKING” in it and just blindly assumed it was a big deal.
Happens all the time around here, honestly.
He posted information about something that passed a few days ago.
Why does that bother you Democrats so much?
Posted on 11/6/26 at 1:23 pm to GoCrazyAuburn
Still on the hook for 97% spread out over two mortgages. This does help you avoid PMI though.
Posted on 11/6/26 at 1:26 pm to tigerskin
Insane regs to build.
More government subsidies creating artificial demand.
I'm sure this will help their housing costs.
Leftism is a bottomless pit of retardation.
More government subsidies creating artificial demand.
I'm sure this will help their housing costs.
Leftism is a bottomless pit of retardation.
Posted on 11/6/26 at 1:27 pm to tigerskin
You have been able to put 3% down for a very long time now
But great job CA
But great job CA
Posted on 11/6/26 at 1:28 pm to Bard
quote:
The first step for many on the path to bankruptcy as they start trying to put down on a home they can't afford because the down payment is so low.
It's like people have already forgotten the lessons of the GFC.
Wouldn't that apply to literally every 3.5% FHA loan?
Posted on 11/6/26 at 1:28 pm to wheelr
Read the thread title again.
If you don’t think that’s misleading, congrats, you’re easily mislead.
If you don’t think that’s misleading, congrats, you’re easily mislead.
Posted on 11/6/26 at 1:32 pm to mwade91383
quote:
Read the thread title again.
If you don’t think that’s misleading, congrats, you’re easily mislead.
If this isn't new why did California put it on the ballot?
Posted on 11/6/26 at 1:32 pm to boogiewoogie1978
quote:
What happens if you default on the Cali loan but not the mortgage?
The government gives you a free bottle of vodka like they did with all the other homeless, on the taxpayer's dime of course.
Posted on 11/6/26 at 1:34 pm to wheelr
That’s not the misleading part!
Man, you’re really having a tough time beating the charges…
Man, you’re really having a tough time beating the charges…
Posted on 11/6/26 at 1:37 pm to mwade91383
That will drive house prices down, lol.
Posted on 11/6/26 at 1:38 pm to mwade91383
quote:
That’s not the misleading part!
Man, you’re really having a tough time beating the charges…
Please point specifically to what is wrong in the OP's post.
quote:
California passes new law where only have to put down 3% for new home instead of 20 %
They didn't pass a new law?
Posted on 11/6/26 at 1:39 pm to Powerman
FHA is designated for first time home buyers, right?
This looks to apply to everyone.
This looks to apply to everyone.
Posted on 11/6/26 at 1:39 pm to tigerskin
Remember last time they did this. When the housing bubble just absolutely crashed. When these people couldn't make their payments or pay their taxes.
Pepbridge Farm remembers...
Pepbridge Farm remembers...
Posted on 11/6/26 at 1:43 pm to CleverUserName
In 5 years they can refinance into 1 loan. They don’t have to pay anything down when they refinance. Their home will be worth more than what they owe, so when they refinance for a new 30 year mortgage it will bring down their monthly payment.
Where I live it cost a lot more to rent a nice home or apartment than a mortgage payment for a starter home. It’s probably the same in California. It seems like a good thing to do for new home owners. Just have to make it the 1st 5 years.
Where I live it cost a lot more to rent a nice home or apartment than a mortgage payment for a starter home. It’s probably the same in California. It seems like a good thing to do for new home owners. Just have to make it the 1st 5 years.
Posted on 11/6/26 at 1:44 pm to cas4t
quote:
FHA is designated for first time home buyers, right?
No
Posted on 11/6/26 at 1:52 pm to tigerskin
Higher rates of default on loans. More litigation. Societal damage. Lawyer, banks, more lawyers etc. Remember 20 years ago when W tried to stop the high risk FHA home lending/financing? One of the reasons we’re where we are today. One of the few times GWB was right.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News