Mortgage Mystery Questions of Life

<a onblur=”try {parent.deselectBloggerImageGracefully();} catch(e) {}” href=””><img style=”float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 200px; height: 134px;” src=”” border=”0″ alt=””id=”BLOGGER_PHOTO_ID_5308231916431419746″ /></a><br />1. How come under the new mortgage help program from the current administration, the people that need help can only be qualified at 31-38% of their income, but a new borrower can go to 45% or higher.<br /><br />2. It’s was alright for a company’s loan officer to originate a 100%, no doc, option arm or a 50% loan to value conventional loan and VA 100% along with USDA 102% deals but can’t do an FHA loan unless they go through a ridiculous and onerous process to become approved. Hello!!!! It’s time to change this process.<br /><br />3. Lenders believe that appraisals have something to do with a borrower’s ability to pay when there is about a 50% loan to value when they have 750 scores and a 20% debt ratio. <br /><br />Do you have a mortgage mystery question or an answer to any of these? Post them at

Leave a Reply

Your email address will not be published. Required fields are marked *