Mortgage rules they are changing!!
posted by WeKnowBrevard Blog @ 8:46pm, Wednesday 6 August 2008.
Mortgage rules are changing by the day. Be warned. Even if you have gotten preapproved, it's not a done deal. Buyers are finding out 5 days before closing that they have to come up with more money.
Lenders are responding to the crisis in their industry by suspending mortgage products, raising required down payments and imposing a premium on loans in regions they deem to be “declining” markets.
Click here for the story~ Thanks Florida Realtor & USA Today
www.floridarealtors.org/NewsAndEvents/n5-080508.cfm
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