tag:blogger.com,1999:blog-4579170676752494090.post315901234176159730..comments2024-03-26T07:27:35.431-04:00Comments on A Fine Blog: The 4% Solution, A Fine PlanAndrew Finehttp://www.blogger.com/profile/11410776900972800733noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4579170676752494090.post-77518488937604607872008-10-10T13:45:00.000-04:002008-10-10T13:45:00.000-04:00Hi, Nice site where we got more information fr...Hi,<BR/> <BR/> Nice site where we got more information from this site. Really it is very nice site, good keep up it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-61391857125546850332008-10-09T08:39:00.000-04:002008-10-09T08:39:00.000-04:00I've had very positive feedback on my plan. One cr...I've had very positive feedback on my plan. One critique has been the 20% down that alot of people think is too high. Perhaps with the 4% credit to bring mortgage payments down a lower number down should be considered.Andrew Finehttps://www.blogger.com/profile/11410776900972800733noreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-42805840249977966152008-10-08T13:18:00.000-04:002008-10-08T13:18:00.000-04:00#5- That's the way people have been doing it for s...#5- That's the way people have been doing it for some time (especially in the bull market). In slower markets you can get a "mortgage contingency" written in, so if you can't get a mortgage, you get your money back.Andrew Finehttps://www.blogger.com/profile/11410776900972800733noreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-46676309022441954002008-10-08T13:04:00.000-04:002008-10-08T13:04:00.000-04:00thanks, but would you let any client sign a contra...thanks, but would you let any client sign a contract whereas if they couldn't obtain financing they could lose their deposit?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-46995803219876650482008-10-08T11:36:00.000-04:002008-10-08T11:36:00.000-04:00#3. There are a few developers offering owner fina...#3. There are a few developers offering owner financing, but not many.<BR/>Your best bet is to call a bank, like Chase or Wells Fargo and pre-qualify.<BR/>#2, Carlos- Thanks for your comments. Perhaps today's 1/2 point cut will get us on our way!Andrew Finehttps://www.blogger.com/profile/11410776900972800733noreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-48910190163319840172008-10-08T10:42:00.000-04:002008-10-08T10:42:00.000-04:00what are you seeing from developers of new contruc...what are you seeing from developers of new contruction? last time i bought i had to be responsible for getting a mtge, in these uncertain times, i wouldnever do that. are developers conceding that now? thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-4056189768460719962008-10-07T23:59:00.000-04:002008-10-07T23:59:00.000-04:00Interesting idea. I think as long as you've got 20...Interesting idea. I think as long as you've got 20% down the conventional limits of 800K are reasonable in areas like NYC where a new 2 bedroom apartment can cost upwards of a million dollars. <BR/><BR/>If the feds were to offer a buy down credit to bring the rates in the 4% area, I guarantee you people would start buying immediately. I know because I would be one of them. It's a great time to buy right now because housing prices are going down, but the economy is in such bad shape, nobody wants to risk investing in such a market that could be worth less a month after you buy it. <BR/><BR/>People say as long as you live in it for a long time, it won't matter because real estate always appreciates. But when you're dealing with a mortgage as high as 600-700K you want the best deal possible at the lowest monthly payment. <BR/><BR/>There is lots of inventory out there and until the market shows sings of stabilization people are going to be very hesitant to make such a purchase. If we can infuse the housing market with consumer purchasing power, that is a great idea.Unknownhttps://www.blogger.com/profile/15091424829655803629noreply@blogger.comtag:blogger.com,1999:blog-4579170676752494090.post-71109829029513933032008-10-06T20:48:00.000-04:002008-10-06T20:48:00.000-04:00not the craziest idea I've ever heard ofnot the craziest idea I've ever heard ofAnonymousnoreply@blogger.com