Mortgage Loans Change in Economic Crisis
ExpertRealEstateTips asked:
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.
Kim
May 31st, 2010 at 8:56 pm
Jennifer
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 : (
June 3rd, 2010 at 4:49 am
Jim
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 : (
June 5th, 2010 at 8:38 pm
Shawn
How difficult would it be for a retiree to buy a different home in this market. Say, 800+ Credit Score, but no job?
June 7th, 2010 at 12:00 am
Jeffery
thehelpfund.blogspot
June 7th, 2010 at 2:40 am
Erica
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.