http://www.peakpersonalfinance.com/how-much-mortgage-can-you-afford/ Wed, 08 Feb 2012 17:10:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.peakpersonalfinance.com/how-much-mortgage-can-you-afford/comment-page-1/#comment-946 FinanciallySmart Thu, 31 Dec 2009 21:53:21 +0000 http://www.peakpersonalfinance.com/?p=590#comment-946 There are so many thoughts in owning a house but I believe that persons should think about purchasing a house where they can expand on. So that they will not put themselves in unnecessary debts. There are so many thoughts in owning a house but I believe that persons should think about purchasing a house where they can expand on. So that they will not put themselves in unnecessary debts.

]]> http://www.peakpersonalfinance.com/how-much-mortgage-can-you-afford/comment-page-1/#comment-919 Miranda Tue, 22 Dec 2009 13:14:21 +0000 http://www.peakpersonalfinance.com/?p=590#comment-919 I think everyone got too greedy. Consumers wanted a bigger house. Lenders and brokers wanted the kickbacks. Everyone thought that they were going to be rich and fabulous and that they could have more, more, more indefinitely, and that nothing would catch up to them. But yeah, it does seem a little like criminal neglect to authorize such loans, just to get a fat commission. I think everyone got too greedy. Consumers wanted a bigger house. Lenders and brokers wanted the kickbacks. Everyone thought that they were going to be rich and fabulous and that they could have more, more, more indefinitely, and that nothing would catch up to them. But yeah, it does seem a little like criminal neglect to authorize such loans, just to get a fat commission.

]]> http://www.peakpersonalfinance.com/how-much-mortgage-can-you-afford/comment-page-1/#comment-918 JoeTaxpayer Tue, 22 Dec 2009 13:08:40 +0000 http://www.peakpersonalfinance.com/?p=590#comment-918 Excellent article. I've maintained that these rules, 28/36 esp would have avoided the bubble we just had. You other observation about qualifying for the adjusted ARM interest rate, right on. Whoever authorized mortgages whose adjusted rates created payment requirements that went over 50% of the borrower's income shouldn't be fired, they should be jailed. Excellent article.
I’ve maintained that these rules, 28/36 esp would have avoided the bubble we just had. You other observation about qualifying for the adjusted ARM interest rate, right on.
Whoever authorized mortgages whose adjusted rates created payment requirements that went over 50% of the borrower’s income shouldn’t be fired, they should be jailed.

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