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  • 100% LTV, 250-Year Fixed, No 2-Years Income Documentation, Just Current

    From Intelligent Party@21:1/5 to All on Tue Sep 15 19:09:01 2020
    XPost: fl.politics, houston.politics, tx.politics
    XPost: az.politics, alt.abortion

    We Need: 100% Loan-To-Value, 250-Year Fixed, No 2-Years Income Documentation, Just
    Current Income (Like For Renters) Loans.

    Primary Conforming loans. No payment changing; - teaser rates must be amortized
    over the life of the loan, so borrower pays more equity in the first five years of
    the loan.

    Conforming Loan Limit Map: https://www.fhfa.gov/DataTools/Tools/Pages/Conforming-Loan-Limits-Map.aspx

    This is for primary loans or houses.


    (Likewise, all changing payment loans should be eliminated or replaced with merely
    changing teaser rate loans which likewise amortize the lower rate over the life of
    the loan. The 5/1 ARM, ruined the economy, for its adjustable payments, when it
    caused the mortgage meltdown. Adjustable Rate Mortgages are irrelevant simply *because* of Mortgage Backed Securities, which trade, and who's *point* is to let
    the bank get out of the fixed rate, when rates change.)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Attila@21:1/5 to rjrs3m$u2c$3@dont-email.me on Wed Sep 16 00:45:14 2020
    XPost: fl.politics, houston.politics, tx.politics
    XPost: az.politics, alt.abortion

    On Tue, 15 Sep 2020 19:09:01 -0700, Intelligent Party <Intelligent@savetheworldmsn.com> in alt.abortion with message-id <rjrs3m$u2c$3@dont-email.me> wrote:

    We Need: 100% Loan-To-Value, 250-Year Fixed, No 2-Years Income Documentation, Just
    Current Income (Like For Renters) Loans.

    Primary Conforming loans. No payment changing; - teaser rates must be amortized
    over the life of the loan, so borrower pays more equity in the first five years of
    the loan.

    Conforming Loan Limit Map: >https://www.fhfa.gov/DataTools/Tools/Pages/Conforming-Loan-Limits-Map.aspx

    This is for primary loans or houses.


    (Likewise, all changing payment loans should be eliminated or replaced with merely
    changing teaser rate loans which likewise amortize the lower rate over the life of
    the loan. The 5/1 ARM, ruined the economy, for its adjustable payments, when it
    caused the mortgage meltdown. Adjustable Rate Mortgages are irrelevant simply >*because* of Mortgage Backed Securities, which trade, and who's *point* is to let
    the bank get out of the fixed rate, when rates change.)


    Who would provide the money to do this?

    --
    Some of the Republican positions I find disgusting and abhorrent.
    Most of the Democratic positions I find terrifying.

    Trump 2020

    There are four despicable occupations:
    Politicians - By far worse than all the others.
    Pimps
    Priests
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    National Socialist American Worker's Party
    formally known as the Democrat Party.

    Don't build a wall, build a kill zone.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)