The Real Expert

Did We Learn Anything Over the Past Two Years?

tcornelison, you should have never admitted you were a mortgage loan boy. Now you have 0 credibility. I have further confirmed this by reading your other posts.

For instance, you state "All markets are not seeing values crashing down but 0-10% will be the norm across most of the Nation." seekingalpha.com/artic...

What a joke! Sorry sub-prime boy but real estate is down on average by over 15% from peak prices, with much more downside on the way.

You also state: "Myth # 1: Mortgage money is not available.
Reality # 1: Mortgages are readily available to "qualified buyers".

Myth # 2: 20% downpayment is required.
Reality # 2: 100% financing is still available for low to moderate income borrowers and reasonably priced homes."
seekingalpha.com/artic...

Sure there are very very rare exceptions but overall you are wrong. Lenders have redefined "qualified buyer" to the highest standard seen in 2 decades. And 9 out of 10 lenders require 20% down. 20% down should be a law for home purchases.

Stick to shafting people with lies and bad loans. Leave the comments to people who know what's going on. Thank you.