Is anyone else feeling frustrated and angry about the current mortgage crisis? A year and a half ago we moved into a really cheap rental house with two bedrooms. A month later we took in a friend who needed a place to stay and would pay rent. So it is my husband, my daughter, and me in our bedroom. We did this so that we could save for a down payment. We figured we would sacrifice for a few months and then find a home when we could responsible AFFORD IT!
Now we can not find anyone who will give us a loan. Our only debt is a small student loan, we both have excellent credit, and we have a substantial down payment. Several places weren't even taking applications.
Answer by jcsscfam5 at 1:43 PM on Nov. 14, 2008
Answer by Anonymous at 1:49 PM on Nov. 14, 2008
Answer by Anonymous at 1:54 PM on Nov. 14, 2008
Answer by DusterMommy at 2:00 PM on Nov. 14, 2008
Answer by candygirl1030 at 2:14 PM on Nov. 14, 2008
Answer by Anonymous at 2:51 PM on Nov. 14, 2008
Answer by Anonymous at 3:42 PM on Nov. 14, 2008
"when the first DiTech commercial came on TV saying they would loan 110% of your house value, some people with some economic sense should have perked up and said "hey, that's pretty dumb".
Well some people did, but when they tried to tell people, they got shouted down. They were told, "Oh you're just rich Republicans, you don't want to help poor people get ahead." So now look what happened, and they are still taking the blame. So you know what? It's your fault, bite the bullet and cry.
Answer by Anonymous at 5:23 PM on Nov. 14, 2008
Answer by sammygrl77 at 5:44 PM on Nov. 14, 2008
Answer by sammygrl77 at 5:46 PM on Nov. 14, 2008