Mortgage Loans Change in Economic Crisis
by Felixx on Thursday, February 16th, 2012 | 5 Comments
With the real estate market in decline, mortgage lenders are stricter about requirements for loans. Do you need a bigger down payment, a better credit score, or more solid work history? How has qualifying changed and what do you need to know in order to qualify for a mortgage loan in today's tough market? Watch this Expert Real Estate Tips segment to find out more about what mortgage lenders require.
FYI I totaled up ALL the money I paid over the 18 years on a mortgage! I'm not including all the money I spent on maintainance (like the roof, the water heater, the forced air system, the landscaping, the garbage disposal, the sinks, the flooring, the carpeting, the garage door opener, the new fense, paint, wallpaper etc.....). If I had put this money in savings, I believe I'd have much more money!!
I'm glad I had my 3 houses, but I didn't MAKE any money : (
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FYI I totaled up ALL the money I paid over the 18 years on a mortgage! I'm not including all the money I spent on maintainance (like the roof, the water heater, the forced air system, the landscaping, the garbage disposal, the sinks, the flooring, the carpeting, the garage door opener, the new fense, paint, wallpaper etc.....). If I had put this money in savings, I believe I'd have much more money!!
I'm glad I had my 3 houses, but I didn't MAKE any money : (
Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
How difficult would it be for a retiree to buy a different home in this market. Say, 800+ Credit Score, but no job?