A 20 percent down payment could soon be required to buy a home in Maple Grove, MN according to an article I read today in the Star Tribune, see here http://www.startribune.com/homes/118886454.html
Imagine if over 50% of all home buyers disappeared what that could do to the housing market? This is a very real possibility that if this bill passes that the housing market would take many years to recover.
If I was a home buyer I would move very quickly to buy a home before things get a lot more strict on the lending requirements.
On top of a 20 percent down payment could soon be required to buy a home in Maple Grove, MN the Federal Reserve is talking about raising interest rates later this year by as much as 3/4 of a percent which would mean higher mortgage payments for any new buyers cutting into home values even further.
Give me a call today to get pre-approved to buy at incredible low rates and a reasonable down payment.
20 percent down payment could soon be required to buy a home in Maple Grove, MN
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