Subprime Lenders and Dead People
A couple of years ago, when the real estate market was hot and lending was easy, you barely needed a pulse to get a home loan. Some people even made jokes about how subprime lenders made loans to dead people.
Fast forward to today and you can hardly get a loan on a house, even if you have an active pulse, a good job, and 15% down payment. How things can change in only one year. But money is still available for buying houses. It’s just that the lending industry has gone back to the basics, just like before the real estate bubble. In order to qualify for a loan, you need a steady job, 20% down, and some reserves in the bank. Now if you don’t qualify for these types of prime mortgages, don’t despair. Subprime lenders still exist. Go see for yourself by reading the complete article at www.EZSuggestions.com.
Last modified February 8, 2008Author 1646 > has blogged 12 times
