Real Estate Market? Buying a home now or wait until 2016?

[EdCampbell]

The 3yr arm was for the person living in the house for a short time, 3 yrs max, like i said you can structor a loan anyway you want to work towards a buyers needs. You can get into a home these days with zero down and minor costs (under 1000.00)

[Essequamvideri]

Originally Posted by EdCampbell

The 3yr arm was for the person living in the house for a short time, 3 yrs max, like i said you can structor a loan anyway you want to work towards a buyers needs. You can get into a home these days with zero down and minor costs (under 1000.00)

And here we find an important adage:

Just because you can doesn't mean you should. Using lending tolerances to determine affordability is a mistake.

[CouponJack]

Originally Posted by Essequamvideri

And here we find an important adage:

Just because you can doesn't mean you should. Using lending tolerances to determine affordability is a mistake.

Ding, Ding, ding....we have a winner!

No way you should be able to get a home loan with next to nothing down.

That's a big reason what got us into the mess from a couple years ago.