best real estate agent rogue valley: Do I Need 20% Down To Buy A Home?
- 07/13/11 06:12 PM
Do I need 20 Percent Down To Buy A Home? Maybe... Going forward, borrowers will need to come up with a 20 percent down payment if they want the best deal. The Office of the Comptroller of the Currency and the FDIC have agreed on a 20 percent down payment for what is being called a "Qualified Residential Mortgage" (QRM). A QRM is a mortgage that will be exempt from the risk retention standards required under the Dodd-Frank Act. Basically, mortgage lenders who originate mortgages that are not considered QRMs will have to hold onto at least five percent of the … (0 comments)
Do I need 20 Percent Down To Buy A Home? Maybe...
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