On Wed, Jul 16, 2008 at 2:04 PM, G Money <[EMAIL PROTECTED]> wrote: [...] >> There's your spiral. [...] > Thus endeth the spiral.
Yup - it's just market forces. The mortgage industry is very tight right now. 80/20 loans are history, zero down loans are history, 5% down loans are scarce, even some 10% down loans are disappearing, interest only loans are history, stated income is history. But all that had gotten so out of control it was a serious problem. Welcome to the correction. I was recently educated about how lenders now calculate self employed income. It can actually be pretty difficult to get a home loan at all right now, which I am discovering firsthand. But I'm not bitching about it - I'm just pushing up my sleeves and working harder. I don't want the government saving me, I also don't want my mommy and daddy to save me. -Cameron ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:263966 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
