On a path to a housing rebound...

[optimusprime_IHB]

I read about the credit crunch, but am just not seeing it personally. Frankly I'm shocked by how much credit has been extended to us on firsts and HELOC lines at B of A and BT transfer offers for life at 1.99 and 2.99 at Capital One and Chase, respectively.

Personally seeing and experiencing the credit crunch...you will FEEL it if you're probably looking for a HELOC, HEL, Mortgage and if you're a business owner who has to deal with Factors, Line of credits etc.

But if you're a simpleton who saves and rents a place....the sky is still rosey

 

[stepping_up_IHB]

Mortgage in Nov and immediate HELOC for MORE than we put down. Mortgage in May with an immediate HELOC for MORE than we put down. Seriously, we could over 100% finance both houses if we used the HELOC.

 

[biscuitninja_IHB]

^^^ pulling the tiger's tail is not a fun passtime.

Even I can't do that, but business loans are a bit different and safetys are put in place so you can't.

-bix