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Yesterday was a big day! Freddie Mac jumped on board with Fannie Mae and is also eliminating the Automatic Reduction in Loan To Value (Downpayment requirements for purchases) effective June 1st. If your property was located in a Declining Market prior to June 1st, Lenders were requiring additional down payment of 5% on all programs and products.;)
;)
Find MI real estate agents and West Bloomfield real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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