http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/Amazing what a difference the 2% fee average fund fee makes over a lifetime.

The days of associating gambling with Las Vegas and Atlantic City with the lights and the glamour are gone.

While homepath has "guidelines" individual banks can have different criteria, so HP may require 3% but the actual lender requires 5%(fictitious example).

That would be the equivalent of 'speculating' or 'gambling' with your investing.

Lenders will often permit this since you are living there, but it will depend upon the underwriting guidelines for the lender that you are working with. 

Lots of people feel free once they go commercial and although it's a little more expensive, the guidelines make it easier to qualify and the ltv's aren't much different (and cash out doesn't cost more).Stephanie

@Davido Davido Sure, you can bring the taxes current, but the adverse possession process is a gamble.

The HOAs that forego insurance are likely gambling that they will not have a claim.  

New guidelines just came out and said you’ll need 3 months biz account statements too.Best of luck!

I’ve been told VA appraisals have very strict guidelines.