Loan lady called me today and told me that there are changes being made on conventional loans. Now instead of 5% down, you have to put at least 10% down. This means if we were to go FHA, (which now is the only option) we have to pay a mortgage insurance premium. Yuck! Looks like no ownership for us anytime in the future… All signs point to no-go. Do not pass go; do not collect $8,000; do not move into the condo of your dreams.
F this economy
Very, very depressed….

Loan lady called me today and told me that there are changes being made on conventional loans. Now instead of 5% down, you have to put at least 10% down. This means if we were to go FHA, (which now is the only option) we have to pay a mortgage insurance premium. Yuck! Looks like no ownership for us anytime in the future… All signs point to no-go. Do not pass go; do not collect $8,000; do not move into the condo of your dreams.

F this economy

Very, very depressed….