intuitiveloanscom: Declining Values in California and Florida!
- 01/05/08 10:44 AM
Hi again from Intuitive Loans! As you may have become aware, many lenders are now requiring 5% of the purchase price of a home to come from the borrower. Lenders want to make sure that the borrower has some of their own money invested in the property. This helps to insure that the borrower will do everything in his/her power to avoid foreclosure. The loan products that used to be 100%, will now be 95% in many cases. This has become the norm in both California and Florida. However, not all lenders have caught onto this yet and 100% loans are still available in many … (1 comments)
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