Interesting, I think it’s great to leverage this program but not sure how I’d feel if refinancing is not an option down the line and mortgage costs are almost double right now because prices are still very high even though interest rates are way higher. Basically I think it’s a bad time to buy and that’s why so much assistance is needed for people even if they’re making $280k. I’m fairly sure many would agree that we’re on the verge of a property recession.
At the end of the day buyers need to be comfortable with their mortgage payment values will go up and down but real estate is always a good thing for the long term.
No, loan requirements and underwriting are a lot more stringent than in 2008. Lets not fearmonger and use all these benefits to our advantage for paying so much in taxes here in the state. This won't help everybody but that is not the point.
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thanks for very beneficial video. It was hard to find additional info since this is a new program. Thank you for organizing this.
thanks Joel for your feedback
Interesting, I think it’s great to leverage this program but not sure how I’d feel if refinancing is not an option down the line and mortgage costs are almost double right now because prices are still very high even though interest rates are way higher. Basically I think it’s a bad time to buy and that’s why so much assistance is needed for people even if they’re making $280k. I’m fairly sure many would agree that we’re on the verge of a property recession.
Agreed on your sentiment. However, we have been on the "verge" of recession for the last 3 years...
At the end of the day buyers need to be comfortable with their mortgage payment values will go up and down but real estate is always a good thing for the long term.
This is 2008 all over again
No, loan requirements and underwriting are a lot more stringent than in 2008. Lets not fearmonger and use all these benefits to our advantage for paying so much in taxes here in the state. This won't help everybody but that is not the point.