real estate: Idea for a new mortgage program
- 05/16/08 03:41 PM
Okay- call me simple but i have an idea- well maybe it's more of a dream but here it goes... the decline in the real estate market is based on a myriad of issues. One main issue is that they have really tightened up on giving any Tom, Dick, or Harry a mortgage. This actually is not a bad thing- all the 100% financing, no income verification thing was getting WAY out of hand. This, of course, is one of the reasons why foreclosures are out the roof. Anyway, my idea is really more for the family who make a nice … (9 comments)
Okay- call me simple but i have an idea- well maybe it's more of a dream but here it goes... the decline in the real estate market is based on a myriad of issues. One main issue is that they have really tightened up on giving any Tom, Dick, or Harry a mortgage. This actually is not a bad thing- all the 100% financing, no income verification thing was getting WAY out of hand. This, of course, is one of the reasons why foreclosures are out the roof.;)
;)
