patrick.net

Strategist says

5. They say loans are not easily available. You finally got the truth.

and back to the biggest myth in American economics, Lending isn't tight at all, people simply don't make enough money to own a home and you can no longer lie on your application about your income.

All truths are easy to understand once they are discovered; the point is to discover them.”
― Galileo Galilei

800+ credit score, debt free, and the ability to put down at least 20%. I don't thing getting a mortgage would be a problem. People who listen to dirt-bag Realtard's and mortgage brokers end up with financial problems.

jvolstad says

800+ credit score, debt free, and the ability to put down at least 20%

If your DTI is under 43% you can easily get a mortgage. Heck if it's even 43%-50% you could still get a mortgage

There has been just too much emphaise on fico scores when they have the least impact on a the capacity to own the debt. Incomes and assets Debt to income ratio mean much for to the equation than a fico score does which is mostly used as a risk pricing model

Mark Zandi made this horrible thesis last year that I just couldn't let slide
http://loganmohtashami.com/2014/01/27/mark-zandi-its-the-economy-stupid/

Even the Wall Street Journal is finally throwing the towel and I have tried to press them on this issue for 3 years

Better late than never

Nick Timiraos ‏@NickTimiraos
Weakest. Housing recovery. Ever. http://on.wsj.com/1JNOEVv

https://www.youtube.com/embed/9OpIbiFmY60

Logan Mohtashami says

Strategist says

5. They say loans are not easily available. You finally got the truth.

and back to the biggest myth in American economics, Lending isn't tight at all, people simply don't make enough money to own a home and you can no longer lie on your application about your income.

Arrrgghhhh!