Forums before death by AOL, social media and spammers... "We can't have nice things"
|    nyc.politics    |    Politics specific to New York City    |    92,003 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 90,320 of 92,003    |
|    Regulation Of Commerce to All    |
|    250 Year Fixed, No Doc, 100% LTV, Confor    |
|    06 Jan 20 15:15:18    |
      XPost: fl.politics, houston.politics, tx.politics       XPost: az.politics, ny.politics       From: RegulationReform@USA.com              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.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca