Riskier Loans Make a Comeback, as Private Firms Take the Field
Anybody ready to have their clients pay a 40% down payment on a home if they have difficulty getting a mortgage loan? Read the WSJ article if you have not heard this.
Full Time REALTOR in Ohio - Brunswick, OH
RE/MAX Omega, Brunswick Ohio
I really to find a list of private investment firms with this kind of financing available. I know of many that have large down payments, just not the credit to buy OR they are self employed and write off most of their income, so they don't show enough on paper to qualify for a loan - but good credit scores.
Jul 13, 2011 07:40 AM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer
5% downpayments are just non-refundable security deposits. More homeowners need THEIR SKIN in the game!
Jul 13, 2011 07:44 AM
ZIP Realty, Inc-Houston District - Humble, TX
Hello Carla,
I am sure the private investors will be coming forward soon. May your search be fruitful.
Hello Wallace,
You are probably correct, buyers do not more skin in the game.
Jul 13, 2011 09:08 PM
Rainmaker
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Charles Gardner-Realtor/Investor
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