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  • 250 Year Fixed, No Doc, 100% LTV, Conforming Loans Are Needed

    From Attila@21:1/5 to qv0f61$ri5$25@dont-email.me on Tue Jan 7 06:07:19 2020
    XPost: ca.general, ca.politics, alt.california
    XPost: alt.abortion, alt.drugs.abuse

    On Mon, 6 Jan 2020 15:17:27 -0800, Regulation Of Commerce <RegulationReform@USA.com> in alt.abortion with message-id <qv0f61$ri5$25@dont-email.me> wrote:

    250 Year Fixed, No Doc, 100% Loan-To-Value, Conforming Loans are needed.

    A 250 year fixed payment is equal to an Interest-Only payment.

    We can still have teaser rates for the first 5-10 years, to build equity and then
    refinance.

    The 5/1's are still a time bomb waiting to happen, as soon as the housing market
    falls again.

    Mortgages with adjustable payments are a time bomb waiting to happen, as soon as
    the housing market falls again.

    The payment must stay the same for the life of the loan, though the rate can change.

    The 250 Year Fixed, 100% Loan-To-Value, Conforming Loans are needed, No Doc for
    primary loan, doesn't have to be a residence, one could rent as a vacation property.

    No two years of employment proven. Buy at will, to live in or rent as vacation
    property.

    Nonsense. Few structures last 250 years and only a fool would invest
    money in such a scheme, especially under these conditions.

    --
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  • From Byker@21:1/5 to Attila on Tue Jan 7 10:06:27 2020
    XPost: ca.general, ca.politics, alt.california
    XPost: alt.drugs.abuse

    "Attila" wrote in message
    news:ifp81fdtsiagj977jpg9umht9f61rrarnp@4ax.com...

    Nonsense. Few structures last 250 years and only a fool would invest
    money in such a scheme, especially under these conditions.

    I hear 90-year (multi-generational) mortgages are common in Japan...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Bobbie Sellers@21:1/5 to Byker on Tue Jan 7 09:04:30 2020
    XPost: ca.general, ca.politics, alt.california
    XPost: alt.drugs.abuse

    On 1/7/20 8:06 AM, Byker wrote:
    "Attila"  wrote in message news:ifp81fdtsiagj977jpg9umht9f61rrarnp@4ax.com...

    Nonsense.  Few structures last 250 years and only a fool would invest
    money in such a scheme, especially under these conditions.

    I hear 90-year (multi-generational) mortgages are common in Japan...

    Yes but in Japan likely the mortgages are to gain control of
    the property.

    The multitude of newsgroups to which this is directed is
    a symptom of spam or trolling.

    bliss

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Regulation Of Commerce@21:1/5 to Regulation Of Commerce on Sun Jan 12 00:00:39 2020
    XPost: ca.general, ca.politics, alt.california
    XPost: alt.abortion, alt.drugs.abuse

    On 1/6/2020 3:17 PM, Regulation Of Commerce wrote:
    250 Year Fixed, No Doc, 100% Loan-To-Value, Conforming Loans are needed.

    A 250 year fixed payment is equal to an Interest-Only payment.

    We can still have teaser rates for the first 5-10 years, to build equity and then
    refinance.

    The 5/1's are still a time bomb waiting to happen, as soon as the housing market
    falls again.

    Mortgages with adjustable payments are a time bomb waiting to happen, as soon as
    the housing market falls again.

    The payment must stay the same for the life of the loan, though the rate can change.

    The 250 Year Fixed, 100% Loan-To-Value, Conforming Loans are needed, No Doc for
    primary loan, doesn't have to be a residence, one could rent as a vacation property.

    No two years of employment proven. Buy at will, to live in or rent as vacation
    property.



    This plan ought be only for *primary* conforming loans.

    But if you have several vacation properties or residences, or a jumbo loan, stricter borrowing requirements ought to apply.

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


    Fannie Mae "HomeReady," and Freddie Mac "Home Possible" already are plans that allow 97% LTV: https://www.nerdwallet.com/blog/mortgages/fannie-mae-home-ready-freddie-mac-home-possible/

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Byker@21:1/5 to Attila on Mon Jan 13 14:14:54 2020
    XPost: ca.general, ca.politics, alt.california
    XPost: alt.drugs.abuse

    "Attila" wrote in message
    news:ifp81fdtsiagj977jpg9umht9f61rrarnp@4ax.com...

    Nonsense. Few structures last 250 years and only a fool would invest
    money in such a scheme, especially under these conditions.

    I hear 90-year (multi-generational) mortgages are common in Japan...

    Are Japanese homes worthless after 30 years? https://www.youtube.com/watch?v=1SiPGP_BDS4

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