LA Real Estate Advice: Help Keep Dream of Home Ownership- Stop 20% Down Payment Requirement.
Posted by admin on Jul 11, 2011Westside LA Real Estate Advice: A new and costly rule called Qualified Residential Mortgage, is being considered by federal regulators. If the proposal passes it would require homebuyers to make at least a 20% down payment on a home purchase for the most affordable rates. Federal regulators have taken a law passed by Congress intended to prevent future banking collapses and turned it into an unintended penalty on homebuyers.
Posted in: Buyer's Advice
