"I missed the part where people forced anyone to borrow anything? If you fail....its bcause of your own decisions. Live with it and adapt accordingly."    View Post

"The increase in FHA monthly MIP has effectively killed FHA refinances. Of course you don't hear about that on the news. If you pay $70 a month now for FHA MIP you will probably add $90 to $100 ($160 monthly) to that amound. Killing any benefit from the lowering of the rate. Nice huh? What they should do .....is to let people who are refinancing keep thier exisiting Monthly MIP amount. They really want to help people who need it the most? Thats what they should do. Let new purchases use the new..."    View Post

"Well...two questions here......can you? and should you? I presume you voluntarily purchased the rental home in 05? Bank did not force you to purchase the property? No one forced you? Your idea? You voluntarily attended a closing and signed a mortgage and a note agreeing the terms of the mortgage? The bank (yea the bank) wrote a check and someone received that money under the trems of the note and mortgage you signed agreeing to pay them back. And now. You decide you dont want to do it anymore. Not..."    View Post

"Wes Cordeau: I mentioned that working here she would have earned $25,000 on a $32,000 2% average company earnings! You do realize that this is exactly what the Fed rule is designed to put an end to.....right? You are whistling past the graveyard!"    View Post

"Look at the long posts above regarding the guidelines. It is a MAJOR pain in the neck and I have yet to see one go smoothly. Too many moving parts and too many people involved. I have seen many lenders who eventually throw up their hands in frustration and decide it's not worth the hassle. Borrowers get fed up with the thing and end up mad. I've seen it many many times. If someone does decide to do one it is IMPERATIVE that they go with a lender (and loan officer) who has experience with..."    View Post