higher down payments: Affordability of an Edmond Home Just Around the Corner
- 05/16/11 09:27 AM
Interest rates are lower than ever, Edmond homes more affordable than in the past 35 years, and the monthly gross income allocated for the mortgage payment is at around 17%, so what's the roadblock for buyers? Access to credit and higher down payments! Though homes are selling in this buyers' market, it's rare that a buyer won't need some financing. And that's the problem. Credit scores must be in the 700s with higher being better. The Zillow website reports even those scores won't always guarantee a loan. When lending standards tightened after the subprime trend, it necessarily increased the access to … (0 comments)
Jason Nedrow, Century 21 Goodyear Green: Your local expert in Moore OK Real Estate, Moore Oklahoma Homes for Sale, Moore OK homes for sale, Moore real estate agents, Norman OK real estate, Norman OK homes for sale Oklahoma City ,Oklahoma City OK Real Estate. Oklahoma City OK homes for sale, move up buyers Commercial Real Estate, Oklahoma City Luxury Homes, Oklahoma
Interest rates are lower than ever, Edmond homes more affordable than in the past 35 years, and the monthly gross income allocated for the mortgage payment is at around 17%, so what's the roadblock for buyers? Access to credit and higher down payments!
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