04-22-2013, 09:12 PM
|
#11 (permalink)
|
|
Track Member
Join Date: May 2012
Location: Las Vegas
Posts: 656
Drives: 2012 Nissan 370z mt
Rep Power: 14
|
Quote:
Originally Posted by JENZ
Pretty darn slow incline here in Vegas. My condo is worth half of what I paid for it. Not that I paid much for it.  |
I'm in vegas too. Have you seen home prices now though? Primarily new homes? Especially since the sub $215k market is being taken over by investors paying cash. Leaving first time home owners, like myself, having to buy new. I got a reservation on my home and less than a month later the price increased 10k. The new FHA loan rule started April 1st. You can not get rid of your PMI's after your LTV is less than 80% and after 5 years into your loan as you could before. The only way is to drop 20% down and go with a conventional loan. If you have 20% and can qualify for a conventional, I'd go for it now.
|
|
|
Similar Threads
28Likes
Threaded Mode
