New Loan Programs Should Help Real Estate Sales

While talking to lenders this week I found that there are some programs that offer hope!!I found a great 97% program with 550 credit scores at 7.5%.  This rate may be a little high but it still offers hope to a first time buyer that they can start somewhere. We are so spoiled with the 100% programs and now we have to get creative.  Sellers who have lots of equity could offer 5% second mortgage money to buyers and move a house that otherwise would just sit!! I know there is light at the end of the tunnel!!!