[DAVID GAGNARD]

Just last week my 30 year old niece with 2 kids told me her and her husband are fixin to build a really nice house......I was very surprised to say the least. They live in a big trailer house and are paying a note on that, his new Z-71 and her new SUV.... They live from month to month,hand to mouth.......how can that be, well, seems they have found a lender (she didn't elaborate) that will loan them pretty much what they want with NO MONEY DOWN!!!!!!!!!!!!!!!!!! They will finance the full price of the house!!!!!!!!!!!! not a penny down, nothing-nadda-zilch, thank you very much........

When I married my wife in 1978, my dad had to co-sign a note for a whopping $8,500.00 for us to buy a 900 square foot house and that was only cause he and the bank president were lifelong friends!!!!!!!! He said my loan would never fly by the board of directors cause I was fresh outa school and had NO credit/rating. I understood and dad helped me out with his signature......the way it should have been for me at the time.

My wife and I paid off the loan 3 years early and saved up for a bigger/better house down the line.....Then 10 years later we found a house we wanted and went to the bank, talked to the loan officer and he told us because we now had good credit and were good customers, we ONLY had to put down 20% of the purchase price, we actually put down 50%..............still took 2 weeks for the loan to be approved with a 50% down payment!!!!!!!!!!!!

Now-a-days, seems you just walk in and ask for a basket of money and get it.............I guess I'm ole fashion, cause I just don't get it.....maybe another reason I'm not a banker!!!!!!!!!!!

David