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<p>45% DTI. </p> <p>Is this all monthly debt or the mortgage payment only over the gross monthly income?</p> <p>Also when lenders are calculating this, do they sum up all house related expenses (tax, hoa, insurance, principal and interest) or just the princiapl and interest (tax break washes...

awgee, May be I wasn't clear on previous post but what you wrote is exactly what I thought. I couldn't understand how freddie or fannie can buy these jumbo loans when they were posting losses and no one to buy them out except the government printing more dollars which will inflate the...

Yes, I am full doc. What I can afford with 20% down is a loan for about 600k using that 28% DTI ratio and 1% drop on 30 yr fix is significant. However, doesn't mean I'll buy now...

<p>I checked eloan.com and other mortgage sites that were mentioned in this forum to see if the new jumbo loan limit was in effect. I don't think it is. With the interest rate actually going up yet the prices of the descent houses are not falling too much in Irvine, this isn't necessarily a...

<p>I'm a renting waiting for the right price and right time to buy. I got lucky selling my last house last year with some changes.</p> <p>My question is, Would internet and readily available RE information (like IHB) affect the time and price level of RE bust bottom? I mean, I guess you can...

<p>If they have two different rates, then what is a point? One of my coworkers said Fannie and Freddie will be authorized to buy 700k loans and that mean no risk for the initial lenders. So the rate should be same as 200k or 700k loans. Not sure if this is true. </p> <p>If new 700k loan is...

<p>Reason (and others),</p> <p>So, I take that as long as I do full doc and go for the mortgage payment that is affordable 100% financing with good rates are still available. </p> <p>Mind if you tell me which lender or broker did this? </p> <p>I have cash reserve for down payment and 6...

Reason, 100% financing with full doc? 6 months reserve means 6 X monthly mortgage payment or monthly living expense? Thanks.

<p>This question is for those experts in Ecomony, Finance, and RE.</p> <p>I know money from Asian countries has been coming to So Cal, especially Irvine to gobble up many houses and other real estate properities. Recently I heard that South Koreans would no longer need to have a visa to come...

<p>Qwerty, </p> <p>I'm not exactly a fan of VOC but good luck with your offer. At least you are being deligent and careful of spending your hard earn money and wisely checking all the avenues to make your dollars go extra mile. </p> <p>JPMF, </p> <p>You were able to quote my exact word of...

JPMF, I guess you could be one of those who have too much asset tied up in RE, have the primary residence going under water, a totally priced out bitter renter or something. I can't afford Ferrari of $100,000 price tag, but doesn't mean the "affordable" Honda Accord should have a $50,000 price...

Question: Do builders take such a lowball offers? I mean their price is 850k but you will offer 600k. Are you taking a very small chance or do you know something that tells you it would work? Not disputing your plan but I would very much like to know your plan, tip, secret, or skills to buy...

<p>NOCAL TO SOCAL, </p> <p>Your IO calculation should use higher interest rate (may be .25 or .5% more at least) and add PMI since $160000 is less than 20% down payment. </p> <p>Many loan and RE agents pushed IO loans so people can buy more expensive houses or just pay higher prices for the...

<p>I assume this is a perplexing period where the home sales volume dropped but the price still holds. I hear many bad news and warnings. Yet, nothing drastic is happening in Irvine and neighboring OC cities. I suspect though, the worst will come sooner or later just like when a building...

<p>Soul Brother, </p> <p>They are old but no need for any assistance. I just want somewhere close to where I live (in Irvine) so if anything happens I can be in reach. Thanks for your comment, though. We'll keep searching for it.</p>

<p>Irvinerenter and other bloggers,</p> <p>I'm looking for senior apartment or housing for my parents. It's too expensive to buy (or even rent) a big house with 4 or 5 bedrooms for us to live together so I was wondering if any of you can give me info or tips to find "affordable" Irvine...