Comments on: I PITI The Fool Who Doesn’t Know What This Acronym Means When Buying A Home http://handsontheheartland.com/2010/07/27/i-piti-the-fool-who-doesnt-know-what-this-acronym-means-when-buying-a-home/ Real Estate Info, Stats & Analysis On Kansas City, Johnson County Kansas, Overland Park KS & The Surrounding Area. Thu, 10 May 2012 19:49:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jbprealtygroup http://handsontheheartland.com/2010/07/27/i-piti-the-fool-who-doesnt-know-what-this-acronym-means-when-buying-a-home/#comment-843 jbprealtygroup Fri, 30 Jul 2010 15:59:12 +0000 http://handsontheheartland.com/?p=3607#comment-843 @ mrkcmortgage: thanks for reaffirming much of what I said and clarifying a few things too! @ mrkcmortgage: thanks for reaffirming much of what I said and clarifying a few things too!

]]> By: mrkcmortgage http://handsontheheartland.com/2010/07/27/i-piti-the-fool-who-doesnt-know-what-this-acronym-means-when-buying-a-home/#comment-835 mrkcmortgage Fri, 30 Jul 2010 00:06:50 +0000 http://handsontheheartland.com/?p=3607#comment-835 Great insight Jason...but there are loans that are being funded now that don't require the dreaded Mortgage Insurance in select areas. USDA loans are being funded again by a select group of investors. Zero down loans at least for a few minutes are back!!! But you are right in the sense, that a Pre-Approval letter shouldn't be looked at like a blank check. If your mortgage professional isn't sitting down with you finding out what your comfortable paying, finding out what type of "payment shock" you can tolerate by asking a few simple questions than you should move on to the next professional. Good insight as always sir!!!! Great insight Jason…but there are loans that are being funded now that don’t require the dreaded Mortgage Insurance in select areas. USDA loans are being funded again by a select group of investors. Zero down loans at least for a few minutes are back!!!

But you are right in the sense, that a Pre-Approval letter shouldn’t be looked at like a blank check. If your mortgage professional isn’t sitting down with you finding out what your comfortable paying, finding out what type of “payment shock” you can tolerate by asking a few simple questions than you should move on to the next professional.

Good insight as always sir!!!!

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