For Fannie Mae the digital engine is called "DU" (Desktop Underwriter) and for Freddie Mac the engine is called "LP" (Loan Prospector) and they both also use "DO" (Desktop Originator).

After i graduated, i made peanuts for years, then went and took a computer class and in one month, had my first IT gig, and have lived off that training for the last 10 years.....4 years vs 5 weeks of training and a few tech books...seriously!

I've ran my own Computer Gaming Center, had ownership in a dessert franchise with multiple locations and family once owned a Chevron.

I'm not talking about on here, I'm talking about in real life, off the computer, I have asked pros that I have met how they have done things to get off the ground and they just won't help me.

Randy King, all HUD bids are selected by computer, they don't care what your other bids have been.

From this, compute your P&I payment (principle and interest, not the full PITI payment).

Pennys types.Your credit score is developed through a stistically weighted computation of different types of credit, not all credit lines are equal, your income is reported on applications, it determines your ability to pay and debt limits, which also are computed, these can bring scores down as well.

J Scott With zero invested, I don't think you can compute a meaningful IRR; and the NPV (which will equal the PV since the initial investment will be zero), won't necessarily be positive -- and if it is, your objective then is to decide if it's great enough to justify the risk.

@mark tried to respond on I phone will wait till I get back to my computer .

That is, you compute the payment as if it was, say, a 20 year loan.