Fed's push on housing crosses a line, critics say

Ammarbalouch
I am a mortgage bnkaer. On the FHA loan program regardless of whether you have 20% equity in the property the loan requires MI at the time you OBTAIN the loan. But it will drop off after 5 years if you have at least 22% equity in the property. At the 5 yr mark, if you do not have 22% equity it will not come off until you do. You will need to contact the lender to drop the MI premium.

saman
but this months inracese was much greater than expected. Low prices and the federal tax credit/housing stimulus programa0offered by the governemnt to first time home buyers was probably a huge boost to the

Cita
At first glance you prlabboy should not be purchasing a home. There are a few questions that come to mind. In this senior community what are the HOA fees and taxes? Where is your income coming from? If you work what are the chances you will need to change jobs? Why do you want to buy a home? What has happened to the home values in this community? The appreciation in these communities is usually not good.