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09/16/07
Grow that down payment
Filed under: General, Mortgages
Posted by: Lillian Wong @ 11:41 am

Not long ago, lenders were handing out mortgages to anyone with a phone number and a pulse. No money for a down payment? Not a problem! Low credit score? Who cares? Incarcerated? You’ll need a place to live when you get out, right? Those easy-money days are history. As the mortgage meltdown has spread, lenders are demanding stellar credit and proof of income. Zero-down payment mortgages have just about disappeared.  More…

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