SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (96766)4/21/2009 6:16:14 PM
From: koan  Read Replies (1) of 116555
 
Here is what else is nuts with Obama's real estste programs. If a person who is perfectly qualified and can put 20% down on a non owner occupied property, the banks want an additional 5 points.

So a $500,000 house, duplex or four plex will cost the borrower an additional $25,000 in points which goes to the bank up front. So investors have just stopped buying.

So even a person who has perfect credit and can put 20% down still has to give the banks another $25,000 up front. That is crazy.

AND THERE ARE NO OTHER bank loan programs!!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News