Reply #107: It is called living in the reality based world [View All]

[MadHound]

If you are looking to go to a subprime lender, get an ARM, with zero downpayment, then the odds are pretty heavy in favor of the fact that you really can't afford the property that you're interested in buying. Thus, you are aiming to live beyond your means. The tried and true rule of thumb is that if a mortage payment takes up more than a quarter of your monthly income, then that is beyond your means and you should scale back on the price of the house that you're considering buying.

Now then, will you answer my questions that I posed above, or will you continue to dance around the topic in a vain effort to avoid reality?