I read an interesting paper the other day, dealing with the question if we could re-launch modern society, if we had to start over from a pre-industrial stage for example after a nuclear exchange.

They'll introduce you to a lender for a pre-approval and help you get a feel for the market.

Tenant tells judge this was a pre-existing problem and then what's your defense?

Draw schedule to be agreed upon prior to closing.Term: 1 YearFee to Lender: 2.5 points – ($13,125 paid at closing from loan proceeds).Interest Rate: 11.5% Interest-Only billed monthly on outstanding balance.Interest Reserve: $15,000 – approximately 6 months interest, paid at closing from loan proceeds.Once interest reserves are depleted, borrower to make interest-only payments monthly.Pre-Payment Penalty: Should loan be paid off prior to interest reserve funds being depleted, a pre-payment penalty will be charged equal to the amount remaining in interest reserves at time of payoff.Loan 2: Loan amount 490,530.60Lender Points: 3%broker points: 1%rate: 11.99%Term: 12 months (interest only)Prepayment penalty: NoneProcessing fee needs to be wired before LOI can be issued

GR made the most sense for ski in/ski out and our budget at that time (relative to Summit County, Steamboat, & Winter Park/Fraser).

basically, he is as pretending to ask a Republican Congress to pass a bill that would tell all investors no accelerated depreciation unless you cap rents at 5%/yr, obviously would never be taken up by congress and could never get 67 votes in Senate either, so just a PR stunt for votes Shortly before an election.

And while the borrower doesn’t have to come to closing with this money (it’s rolled into the loan) it’s still there – making an FHA loan have higher costs and higher APRs because of it.Are there any other differences between Fannie Mae and FHA?

12% APR? 

It is also popular (here in FL) we have a lot of people with boats and skis that want to check out our area by boat. 

Last thing - APR cap in NY was 65% last I checked.