lobster
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Post by lobster on Sept 28, 2015 7:35:11 GMT
As many will know here, SS has a maximum LTV of 70%. Right now there are 45 live loans and it seems like an enormous coincidence to me that no less than 23 of these loans have an LTV that just happens to be bang on the exact maximum of 70% ?? Just wondering if there is a simple explanation (or ANY explanation  ) for this ? Thanks |
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SteveT
Member of DD Central
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Post by SteveT on Sept 28, 2015 7:37:02 GMT
That those borrowers have raised the maximum sum against their property that SS will lend to them.
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lobster
Member of DD Central
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Post by lobster on Sept 28, 2015 8:20:22 GMT
That those borrowers have raised the maximum sum against their property that SS will lend to them. Yes of course , thanks - should have figured that out for myself. Still got a bit to learn around here !
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Liz
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Post by Liz on Sept 28, 2015 11:53:04 GMT
That those borrowers have raised the maximum sum against their property that SS will lend to them. Spot on, and my guess is they would borrow a lot more if they could.
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Investor
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Post by Investor on Sept 28, 2015 12:56:50 GMT
Would agree with that. Am sure some borrowers would happily keep the 70% maximum but simply change the terminology to VTL.
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Post by solicitorious on Sept 28, 2015 13:02:12 GMT
lobster3 of your 23 are not exactly 70%, in any case.
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) for this ? Thanks
