Reply #14: I know Lynne. I'm sure she has good credit

[matcom]

now (within 6 months) is the time to buy. People give HORRIBLE advice on here regarding "housing bubbles", etc..

people don't even realize sub-prime hasn't gone away. it is still there, just at higher interest rates. if you ARE a sub-prime borrower, it doesn't automatically mean you are getting into a shitty program. you can get loans with questionable credit if you are careful. it doesn't automatically mean its predatory lending. your credit could have been whacked due to job loss and now you have steady employment.

so, you buy a house with sub-prime credit, rebuild your credit and refinance out of the higher rate in as little as even 4 months.

again. there is HORRIBLE advice (in a lot of cases) given on this web site.