 No more 100% loans |
| No more 100% loans |
 Aug 29 2008, 09:49 AM
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#1
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48  |
Apparently this is the case. It's fucking bullshit but oh well what can you do. Oh and the banks are STILL handing out interest only ARM loans
 . But they won't hand out a 100% FIXED rate loan. Even in Houston which is pretty much the best market in the country right now. Guess I'll have to settle in for another fun year w/the parents. Or pay some douchebag way too much money to rent. Get used to the shit housing market people, it's here to stay.
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Aug 29 2008, 12:41 PM
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#2
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
That's a horrible analogy. You pay a deposit on an apartment so they can withhold it to pay for repairs when you leave. And no you don't have to put money down to buy a car. It's padding the banks assets because they get 5% of your payments up front
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impala454 No more 100% loans Aug 29 2008, 09:49 AM
Hartmann I thought ARMs weren't that bad?!
Why n... Aug 29 2008, 11:35 AM impala454 Not sure what the winky is about, I never defended... Aug 29 2008, 11:54 AM
Hartmann QUOTE (impala454 @ Aug 29 2008, 12:54 PM)... Aug 29 2008, 12:34 PM Hartmann QUOTE (impala454 @ Aug 29 2008, 01:41 PM)... Aug 29 2008, 12:49 PM impala454 Well I talked to BoA since I have so many accounts... Aug 29 2008, 01:20 PM |
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