Computer says yes! with Nationwide

Business Finance and Business Loans Versus Residential Loans –

Housing Minister Offers Alternative For First Time Buyers Only … –

I've posted this information under another thread, but I will post it again: Fannie Mae is fueling the new round of housing bubble again with their “homepath” program:

These (unrealistically) favorable terms, including low down payment, “less than perfect credit” and “no mortgage insurance” requirements and “flexible mortgage terms” including interest-only loans which (assuming the borrower does not pay off extra principle) will not let the borrower build his equity, will entice a new round of high-risk borrowers into the housing market again.

The new round of “Ponzi scheme” seems to be indeed under way.

In other words we’re looking after the large construction companies, but fuck the self employed people in the trade who would benefit if they helped first time buyers purchase older properties!

laurelrusswurm: @Metztli_IT I’m glad there is a way to shut it off, but shouldn’t be necessary. Spamming existing customers is bad policy –

Each step of the way Marvin kept us informed, including the time line for the loan process as we were brand new to the home-buying experience. We heard horror stories from a lot of people about the process, and we were so glad we had Marvin to take care of us. As first time buyers we were nervous, but he walked us through the process, and, yes, made it an easy and enjoyable experience. We strongly recommend him to all first time buyers.

I think if you live in the UK and you have a mortgage, you should consider some form of UK mortgage protection like this. As far as I know British insurance offer the best and most affordable policy available today. Unfortunately i was not aware that I didn’t have to go to my mortgage provider to get cover for mortgage payment protection insurance..I think I paid about twice that for my MPPI insurance. Ah well, at least it kept a roof over my head!