Comments on: Now we are a credit risk… I guess!? http://exit78.com/now-we-are-a-credit-risk-i-guess/ Sharing some of my photos, vintage images I've discovered, and -- occasionally -- commentary and thoughts from retired life. Fri, 12 Mar 2010 15:54:18 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Ricardo Bueno http://exit78.com/now-we-are-a-credit-risk-i-guess/comment-page-1/#comment-694 Ricardo Bueno Thu, 24 Jul 2008 06:06:56 +0000 http://exit78.com/weblog/?p=731#comment-694 Mike: I know...I over-exaggerated a little. I meant to :-) But I have always said that we're experiencing a correcting market. What people need to realize is that all of this is a result of us living beyond our means. Now we're experiencing the side effects... Hope underwriting accepts and you get approved! Mike: I know…I over-exaggerated a little. I meant to :-) But I have always said that we’re experiencing a correcting market. What people need to realize is that all of this is a result of us living beyond our means. Now we’re experiencing the side effects…

Hope underwriting accepts and you get approved!

]]> By: Mike Goad http://exit78.com/now-we-are-a-credit-risk-i-guess/comment-page-1/#comment-693 Mike Goad Thu, 24 Jul 2008 02:02:00 +0000 http://exit78.com/weblog/?p=731#comment-693 Ricardo - It's not quite that bad. I think what we are going to be seeing is overkill as the lenders start doing what they should have been doing all along... check to see that the people applying for the loan can really afford it. We didn't get another call again today so I guess what I submitted as proof of income was good enough. Ricardo – It’s not quite that bad. I think what we are going to be seeing is overkill as the lenders start doing what they should have been doing all along… check to see that the people applying for the loan can really afford it.

We didn’t get another call again today so I guess what I submitted as proof of income was good enough.

]]> By: Ricardo Bueno http://exit78.com/now-we-are-a-credit-risk-i-guess/comment-page-1/#comment-692 Ricardo Bueno Thu, 24 Jul 2008 01:51:11 +0000 http://exit78.com/weblog/?p=731#comment-692 Now it's like they're asking for: - An 800+ Credit Score, - A 25% loan-to-value, - 20% debt-to-income ratio, - Bank statements for the last 7 years, - and your first born child... They pile on the conditions until you damn near don't qualify or you don't qualify at all! Now it’s like they’re asking for:

- An 800+ Credit Score,
- A 25% loan-to-value,
- 20% debt-to-income ratio,
- Bank statements for the last 7 years,
- and your first born child…

They pile on the conditions until you damn near don’t qualify or you don’t qualify at all!

]]> By: Mike Goad http://exit78.com/now-we-are-a-credit-risk-i-guess/comment-page-1/#comment-691 Mike Goad Thu, 24 Jul 2008 01:50:25 +0000 http://exit78.com/weblog/?p=731#comment-691 I don't blame them for wanting proof of income. Given the current financial mess, I rather expected it. But I expected it before we were told everything was a go. It didn't expect it when we already had the camper sitting in our driveway 150 miles away from the dealership. I don’t blame them for wanting proof of income. Given the current financial mess, I rather expected it. But I expected it before we were told everything was a go. It didn’t expect it when we already had the camper sitting in our driveway 150 miles away from the dealership.

]]> By: teeni http://exit78.com/now-we-are-a-credit-risk-i-guess/comment-page-1/#comment-690 teeni Wed, 23 Jul 2008 16:26:49 +0000 http://exit78.com/weblog/?p=731#comment-690 Yes, it's annoying as hell. But they are always going to look out for number one (their own dang selves). Yes, it’s annoying as hell. But they are always going to look out for number one (their own dang selves).

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