Quote:
Originally Posted by Marty S
Still doesn’t state what the rate will be vs bank exchange rate.
I believe I was slightly off at 5%, my deepest apologies... here is a thread that basically states that FHA exchange rate was 2% more than NAFA’s
http://www.trapper.ca/cnta/viewtopic...e+rate#p133784
So then 4% not 5%? How does that sound Dave? Or do you still not understand the loss at the point of exchange? |
Dude, did you just post a link to a thread where you stated not only once, but three times, that the exchange rate is 2%?
“Jim, would you believe me if I told you I'd much rather keep my money in my pocket? I would rather keep the extra 2%
I would rather see FHA give the trapper that extra 2% and then charge the buyers more packing and handling charges and/or up the buyers commission.”
And,
“Regardless, it will make me, a simple and ignorant trapper, much happier when I get the 2%”
So, I guess it’s 2% when you’re selling but hey, why not, 5% when you’re buying.
You’re busted. I’d suggest that you stop digging a deeper hole.
BTW, it’s 1.02% exchange rate, not 2%.