http://www.pegasusventures.net/wordpressblog/2008/10/23/just-how-bad-is-it-answer-depends/ The Dirt on San Francisco Real Estate - (Broker, Cal. Dept. Real Estate License No. 773349) Sat, 05 Nov 2011 10:59:38 +0000 hourly 1 http://wordpress.org/?v=3.2 http://www.pegasusventures.net/wordpressblog/2008/10/23/just-how-bad-is-it-answer-depends/comment-page-1/#comment-385 admin Wed, 14 Jan 2009 05:59:04 +0000 http://www.pegasusventures.net/wordpressblog/?p=32#comment-385 Shawn: thanks for commenting. As to where we go from here probably somewhat down or sideways for a while. I think that there's so much turbulence that it's hard for economists to predict, let alone your local blogger. That said, the credit markets are beginning to loosen up; refinancings are really picking up speed. If that continues, maybe a basically sound -- if expensive -- market like San Francisco will firm up reasonably quickly. Shawn: thanks for commenting. As to where we go from here probably somewhat down or sideways for a while. I think that there’s so much turbulence that it’s hard for economists to predict, let alone your local blogger. That said, the credit markets are beginning to loosen up; refinancings are really picking up speed. If that continues, maybe a basically sound — if expensive — market like San Francisco will firm up reasonably quickly.

]]> http://www.pegasusventures.net/wordpressblog/2008/10/23/just-how-bad-is-it-answer-depends/comment-page-1/#comment-384 Shawn Wed, 14 Jan 2009 03:56:51 +0000 http://www.pegasusventures.net/wordpressblog/?p=32#comment-384 Ok so where do we go from here? Ok so where do we go from here?

]]> http://www.pegasusventures.net/wordpressblog/2008/10/23/just-how-bad-is-it-answer-depends/comment-page-1/#comment-383 Charles Tue, 13 Jan 2009 18:44:28 +0000 http://www.pegasusventures.net/wordpressblog/?p=32#comment-383 Your writing about the challenges of qualifying for and obtaining low rate jumbo loans is proven by my experience as an investor. I've been poking at several properties in the $1.5-$2M range. My loan brokers tell me I'll need 25%-30% down, 750 credit, full documentation, etc. I've got 20% - not 30, and being self employed, my tax returns are designed to my maximum benefit, but will Not impress any lending institution. So, I'm out of the buying game until these jumbo loans come within reach. Your writing about the challenges of qualifying for and obtaining low rate jumbo loans is proven by my experience as an investor.
I’ve been poking at several properties in the $1.5-$2M range. My loan brokers tell me I’ll need 25%-30% down, 750 credit, full documentation, etc. I’ve got 20% – not 30, and being self employed, my tax returns are designed to my maximum benefit, but will Not impress any lending institution.
So, I’m out of the buying game until these jumbo loans come within reach.

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