The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (37571)	8/2/2005 3:19:37 PM
From: Wyätt Gwyön	Read Replies (2) of 110194

The only fine print I can see in those offers is strong FICO needed and lower LTV. isn't a strong FICO just an absence of bad credit, or lots of existing credit? if you are 22 yrs old and just starting to work, but have no credit card or other consumer debt, wouldn't you have a strong FICO? or, if you are a homeless person with zero debt (ahead of most Americans), wouldn't you have a strong FICO? as for achieving a better LTV, are there any shortcuts here? i mean, can you get a kickback from the seller? something like, demanding 5% cash rebate for "repairs", and then using this 5% cash as the downpayment? or, just going to one of those builders who gives away free down payments to improve "affordability". what is the percentage of option ARMs in CA and other wacko zones now? was it something like 40-50% last year?

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