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To: James F. Hopkins who wrote (15432)	5/31/1999 10:14:00 AM
From: j g cordes	Respond to of 99985

Silicon Valley Salary Summary.. or Where your investment dollar goes mercurycenter.com

To: James F. Hopkins who wrote (15432)	5/31/1999 10:31:00 AM
From: TimbaBear	Read Replies (1) \| Respond to of 99985

<OT> Fortunately, thinking like yours was offset by realtors who really understood how the VA loan process worked....Having originated Government loans for the past 7 years for several different lenders, I consider myself somewhat knowledgeable about what is involved from both sides of the equation....If you were attempting to use VA financing at the time when the VA set the interest rates, then those rates were sometimes way out of touch with market rates on conventional loans and the discount needed to bring them in line was sometimes very high....if you were attempting to use VA since they allowed the lenders to reflect market interest rate conditions, then the points were much lower....Please keep in mind that the VA itself charges between 2-3% "funding fee" to the veteran, to offset the much higher risk inherent in 100% loans....Also, you did not address that the VA loans had no PMI paid monthly and that saved the veteran about 1% of the principal balance each year for the first 10 years....There were compensations the veteran got from engaging in VA loans like this that you failed to mention....No money down, the closing costs could be wrapped into the sale price and be shown as paid by the seller, thereby making the true net out-of-pocket money zero dollars for the veteran, and no PMI....Are there lenders who charge more points than other lenders, absolutely!....it sounds to me as though maybe your experiences were with one of them, but it always pays to shop around.

To: James F. Hopkins who wrote (15432)	5/31/1999 10:39:00 AM
From: James F. Hopkins	Respond to of 99985

Correction to last post the window closed, 80-to 85% of the Funds are BELOW where they were 10-1/2 months ago, it's not that they are not beating the S&P, in that time frame they are actually losing their clients money, and that's a fact. When will people in 401ks wake up enough to look at what's going on..them that get matching funds don't seem to care, but still it's putting a load on the system. Any one with a drop of sense should know that when you have more mutual funds than companies to buy stock in there is a load put the stock price as they compete for shares and they have expense too that at the end of the line all adds up to the Companies "must do better and better to justify the cost of all this and the pressure it put's on the real value in the stock price" At some point this falls into the "diminish returns" that a stock can be expected to give due to the sheer over head of so many funds competing for it. The market is a fancy ponzi scam., will you get out in time when the deck of cards folds ? Maybe it will be your kids that get stuck with the worthless paper..well who cares about them anyway. Jim Jim