 gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
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 Posted: Fri Sep 25, 2009 3:15 pm Post subject: |
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conservative, you're blessed to have such little debt. in all honesty, 36% ratios were not the cause of our mortgage problems in the last few years. there's much more to it than that. much, much more.
in fact, for many, many years 36% was the maximum allowable, and it worked out pretty darned well for a long time. when property values began to escalate and the no-documentation kind of loans came into vogue, that ratio went the way of the wagon train. i don't disagree with your advice - it's stellar.
and i know you can't fathom it...but you are truly the exception to the rule. congratulations on that...i wish i could say the same thing right now that you said.
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George M. Akerley
Loan Consultant
860-221-5044 |
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