http://livingoffdividends.com/2007/03/29/ninja-loans/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 13 Dec 2011 07:31:37 -0800 http://wordpress.org/?v=2.8.1 hourly 1 http://livingoffdividends.com/2007/03/29/ninja-loans/comment-page-1/#comment-4097 Hustle Strategy Thu, 06 Mar 2008 21:34:33 +0000 http://www.livingoffdividends.com/2007/03/29/ninja-loans/#comment-4097 I have done the nina loan as I had always called it. It is much smoother to get. You do not have to deal with all of the paper work. You just go off of your credit score. I got it through a big bank. The interest rates are generally a 1/4 point higher, but when you don't want to "PROVE" stuff, it is better for some people. Having to explain where cash comes from is not fun, especially if you have to do it often for lots of transactions... I have done the nina loan as I had always called it. It is much smoother to get. You do not have to deal with all of the paper work. You just go off of your credit score. I got it through a big bank. The interest rates are generally a 1/4 point higher, but when you don’t want to “PROVE” stuff, it is better for some people. Having to explain where cash comes from is not fun, especially if you have to do it often for lots of transactions…

]]> http://livingoffdividends.com/2007/03/29/ninja-loans/comment-page-1/#comment-579 Anonymous Fri, 30 Mar 2007 04:34:00 +0000 http://www.livingoffdividends.com/2007/03/29/ninja-loans/#comment-579 There is too much money chasing too few assets. Plus, you've got a lot of people who think they are REI geniuses because they made money in the last 5 years. It's like a toxic cocktail that's going to turn into a bomb once the punchbowl is removed. Realistically, households earning the median income ($50K) can afford to buy a house 2 to 4 times their annual income or $100K to $200K, not $500K or $700K or anything else. Prices will fall. It's just going to take time. There is too much money chasing too few assets. Plus, you’ve got a lot of people who think they are REI geniuses because they made money in the last 5 years. It’s like a toxic cocktail that’s going to turn into a bomb once the punchbowl is removed. Realistically, households earning the median income ($50K) can afford to buy a house 2 to 4 times their annual income or $100K to $200K, not $500K or $700K or anything else. Prices will fall. It’s just going to take time.

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