XPost: soc.culture.usa, alt.politics.usa, talk.politics.theory   
   XPost: soc.rights.human, alt.politics.usa.misc   
   From: Meth@anphetamine.net   
      
   On 1/19/2020 5:40 PM, Regulation Of Commerce wrote:   
   > On 1/6/2020 3:15 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.   
   >>   
   >>   
   >>   
   >   
   > With a normal 30 year fixed, you pay double the price of the home over   
   > 30 years to interest, but the house doubles in value, and you get your   
   > interest back.   
      
   Absolutely not!~ That is called inflation and typically it will be less   
   then what you paid overall.   
   >   
   > Here, after 30 years, half the home would be paid off.  For instance,   
   > what started as a $500,000 loan on a $500,000 house, is now a $500,000   
   > loan (technically $499,946.60)  on a $1,000,000 house.  In another 30   
   > years, or 60 years total, another half the home would be paid off again,   
   > so 75% total, now a $500,000 loan (technically $499,769.65) on a   
   > $2,000,000 house.   
      
      
   Dream on.   
   >   
   > (Lending requirements on manufactured homes, which only have a life   
   > expectancy of 30-55 years are different.)   
      
   I suggest that you read the Marshall/Swift manuals before making   
   uneducated statements like the one above.   
      
      
   --   
   Rudy's Nut & Fruit farm- Sacramento   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)