tag:blogger.com,1999:blog-3329419642567789295.post536971898407748315..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Increasing the Conforming Loan Limit, will it help the IE?Larry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-3329419642567789295.post-14496666447806598692008-03-13T20:52:00.000-07:002008-03-13T20:52:00.000-07:00Unsecured loan is the best option for tenants as i...Unsecured loan is the best option for tenants as it does not acquire any property to pledge as the collateral.You can get an <A HREF="http://www.baddebtpersonalloans.co.uk/" REL="nofollow">unsecured loans</A> on the basis of your credit record and your potential to repay the amount of the loan.People with Bad credit record can also apply for the loan here with relatively higher interest rates.If you are in urgent need of money and do not have sufficient assets to put as collateral then an unsecured loan is the best option for you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-17062743087463071252008-02-25T06:42:00.000-08:002008-02-25T06:42:00.000-08:00Financing is getting harder and harder to get. The...Financing is getting harder and harder to get. The higher priced loans are especially hard to secure these days without a sizable down payment. Each lender is different but they are all getting very tight with the cash. Most lenders have identified CA as a declining market and are asking for higher and higher DPs. It's certainly not going to help the market if no one can get a loan but it will put more downward pressure on the prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-49660475586025552562008-02-25T03:53:00.000-08:002008-02-25T03:53:00.000-08:00For CA, FL, NV, and AZ, I've been reading that com...For CA, FL, NV, and AZ, I've been reading that come March 1, 2008 you can't get PMI unless you put at least 10% down. As you'll know PMI is for when you put less than 20% down. No PMI means No Loan, right? So, Is this true? Is this going to be the final straw that breaks the camel's back?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-55384000592574440432008-02-24T11:19:00.000-08:002008-02-24T11:19:00.000-08:00Everything they they have done has been a duff. We...Everything they they have done has been a duff. We all need wellfare checks say 75000 + income. But that might be short of the green.200k countinghttps://www.blogger.com/profile/15378462507261374976noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-89916257051101804532008-02-22T20:46:00.000-08:002008-02-22T20:46:00.000-08:00I am totally confused by this whole thing. Today I...I am totally confused by this whole thing. Today I read in the SDU-T that some government agency is trying to buy the land right now so that there will not many foreclosured houses that will be bought by investors and speculators. The reason is that those investors will not take care of the houses. They will only rent the houses out therefore bad for their community. It sounds like the government has unlimited $... Hopefully it will not be our money.www.OrientalPearls.Nethttps://www.blogger.com/profile/08705742408553405827noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-69160591141853111162008-02-21T20:14:00.000-08:002008-02-21T20:14:00.000-08:00Done!Done!golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-49573281283207565512008-02-21T19:43:00.000-08:002008-02-21T19:43:00.000-08:00Yo, X! Get rid of this guy Fox and his link!!! He...Yo, X! Get rid of this guy Fox and his link!!! He's troll who has planted somekind of spyware or trojan link on your bolg, man! <BR/><BR/>You should track his IP address and hack him...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-34506163741819044272008-02-20T21:09:00.000-08:002008-02-20T21:09:00.000-08:00Why raise limits when people can't afford the home...Why raise limits when people can't afford the homes?? Are these people stupid? Lower the freakin' home prices!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-14760832715056329922008-02-20T12:36:00.000-08:002008-02-20T12:36:00.000-08:00This whole thing is joke and will only help a few ...This whole thing is joke and will only help a few people. But make the government look like they are doing something. This is a full document loan meaning you have to prove that you make enough to qualify. So this will only help a few who can and anyone with a supprime alt A or even an adjustable loan are going to be left in the middle of dessert for dead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-34727410897907810662008-02-20T11:26:00.000-08:002008-02-20T11:26:00.000-08:00That's correct, the new rules increases limit in t...That's correct, the new rules increases limit in the OC and LA where the medians are higher. The OC for example has a median of $520k. The new conforming limit there would be $650k. So a buyer can get a lower rate on a loan up to $650k buyin a house in the OC but in the IE that same buyer with the same credit rating and same income would only be able to get the same intrest rate on a max loan amount of $417k. Anything over that amount and he's paying another percent or two. That translates into an extra $50k to $100k+ of buying power for the same monthly payment, depending on the rates. This is going to make a lot of the commuters think twice about staying in the IE.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-3402632641108291722008-02-20T10:42:00.000-08:002008-02-20T10:42:00.000-08:00Raising the limit most definitely screws the IE. ...Raising the limit most definitely screws the IE. This will drain low dollar amount loans to pay for the fewer higher loans. With the old limit people were essentially forced to look to the IE (and antelope Valley) to use a conforming loan. Now more people can go to SFV, Santa clarita, Ventura, even The OC.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-48091664821480936102008-02-20T09:17:00.000-08:002008-02-20T09:17:00.000-08:00Raise it to a million! It doesn't matter. Most p...Raise it to a million! It doesn't matter. Most people can't refinance because they're upside down with still declining values. No lender will touch them, even if Fannie and Freddie buy it from them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-18716112367927347382008-02-20T08:21:00.000-08:002008-02-20T08:21:00.000-08:00Correct, they can still turn down loans that they ...Correct, they can still turn down loans that they don't like. The new regs simply allow then to purchase higher value loans it does not compel them to do so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-37357374869915867242008-02-20T08:07:00.000-08:002008-02-20T08:07:00.000-08:00This is probably a stupid question, but on top of ...This is probably a stupid question, but on top of everything you've said, isn't it also true that Fanny and Freddie aren't REQUIRED to buy the higher loans? The law merely allows them to, right? And don't they have their own shareholders to answer to? I really don't understand all this stuff (and I am the first to admit it!) but if this is correct, isn't it likely that the new law merely looks like something is being done when in reality the agencies are (I hope) too smart to take the bait.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-37429250140479992672008-02-19T23:38:00.000-08:002008-02-19T23:38:00.000-08:00Seems to me the increase won't help anywhere, not ...Seems to me the increase won't help anywhere, not even here in OC...raising the conforming limits doesn't raise my or anyone elses income.<BR/><BR/>Using the rule of thumb of 3 to 4 times annual income for a home, my $150G a year buys a crap condo in OC...or a cookie cutter tract home in the IE...no thanks, I'll wait.<BR/><BR/>The correction will continue...for quite some time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-7582920408900174422008-02-19T22:59:00.000-08:002008-02-19T22:59:00.000-08:00Raising the ceiling for the conforming loan won't ...Raising the ceiling for the conforming loan won't do a thing to save the bubble that was propped up by loose (for a lack of looser word) lending practices. Now that the banks are still reeling from their recent, and most likely continuing state of shell shock, they will be THROUGHLY checking any applicants financial footing before the money goes out. <BR/><BR/>And in case we haven't noticed, Californias, Americans in general, don't make that much or save that much these days to qualify for anything.<BR/><BR/>The correction will continue.Anonymousnoreply@blogger.com