stimulus package money president obama market house housing homes yonkers westchester ny nyc scarsdale eastchester mount vernon lower upper: Stimulus Package - 02/03/09 01:45 PM
Stimulus Package

With 750 billion dollars flowing through the system, it's seems like the people who it was intended for aren't seeing a penny of that money. Well, somewhat.
Banks and mortgage companies are lending [money], but with stricter guidelines. You must have a reasonable loan-to-debt ratio, a good credit score, and in many cases 20% down payment. This of course excludes FHA loans (3% down payment for first-time buyers).
President Obama , promises to focus on distressed homeowners and the housing market with the second stimulus package that has exceeded over 800 billion dollars today! At the moment, it is still a bill waiting … (1 comments)


Rafael Salazar Jr.

Rye Brook, NY

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Keller Williams Realty

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