Hobo-jo the poverty index is irrelevant. We assuming that they...

  1. UniversalTrader
    18,789 Posts.
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    06/05/10
    07:51
    Post #: 6661935
    Hobo-jo the poverty index is irrelevant. We assuming that they already have the loan so they at least qualified all of the banks criteria at the time of application. My post illustrates that on the average household income with the average FHB loan that they can handle rates to at least 10% quite comfortably.
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