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Author: Gingko100 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127222  
Subject: Re: question: down payment on my first home Date: 5/16/2013 1:06 PM
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I want to be clear: All I want is to have the OPTION of renting my own property at any time after purchasing it.
Then get an investor loan.

You know what's fraud Ginko100? That we bailed out the banks with our tax money! Was that OK to you? Did the bankers that create the crisis go to jail or are they still riding private jets and enjoying the millions they embezzled?
It's simple - there's no need for ranting. You can get the loan at that structure or not. If not, you create problems for yourself. You seem not to believe this and to think there's some kind of macro reason for you to get an exception.

I believe that every document can be legally modified before signing it, just that most people don't take the time to do so and don't believe in their own ability as an individual to confront a bank or a company.
I negotiate major legal agreements every week as part of my job, so I do this all the time., Sometimes we reach agreement, sometimes we don't. When we don't the legal agreements and execution are delayed. Every time one modifies a clause the other party gets to say yes or no. In your case with what you propose, the banks will say no as this isn't anything they ever consider. You can strike lines, but you will not then successfully close.
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