- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Most Underwater Mortgages in the US - Baton Rouge 1st, Nola 2nd WTF?
Posted on 5/9/24 at 9:58 am to teke184
Posted on 5/9/24 at 9:58 am to teke184
quote:
A mortgage is going to be underwater in the early part of the mortgage far more than at the middle or end.
You are probably right, but I always assumed that even if someone has to pay PMI because they only put 3.5% down, the PMI payments would add a theoretical 20% or more to the home for "underwater" purposes...kind of like Gap insurance on a car.
1
Posted on 5/9/24 at 9:59 am to Tomatocantender
Well, $0 down home sales like Horton and DSLD tend to use the rural development grants to get qualified buyers.
Those buyers are clearly underwater at the moment of sale and likely for a few years afterward depending on what gets rolled into the mortgage.
Those buyers are clearly underwater at the moment of sale and likely for a few years afterward depending on what gets rolled into the mortgage.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News