Show me the MORTGAGE money!

Banks Push Home Buyers to Put Down More Cash ...WSJ

By S. MITRA KALITA

The down payments demanded by banks to buy homes have ballooned since the housing bust, forcing many people to rethink what they can afford and potentially shrinking the pool of eligible buyers.

 

Read ON:

Long Term Adjustable Rate Mortgages are worth looking at......

...as fixed rates rise our regional lenders are filling the gap with great low rates on 5/1, 7/1, and 10/1 Adjustable Rate Mortgages. These are 30 year loans with a rate fixed at the 5 year, 7 year, or 10 year option after which they start to adjust annually according to an index, usually the US Treasury.

Loans up to $1,500,000 can have rates in the 4s!

Realtors: Unwarrantable condo's have a mortgage source:

Listing or selling a condo that is unwarrantable is a problem. We have a solution. Financing for 2 unit complexes, no pre sales, not Fannie Mae or FHA approved. Give me a call with the details and I will find a solution.