Jun 3rd 2011 10:50AM
Among the most hotly contested ideas that bank regulators have proposed to reduce the risk of another financial crisis is a rule making a 20 percent down payment mandatory on some new home loans. Consumer advocates, civil rights groups and lending industry groups alike have said that such a rule would deter many families... Continue Reading »
Aug 9th 2010 3:51PM
It looks, smells and feels like the bad old days when people could buy homes with no income, no job and no money down. Indeed it is (sort of) like the old days, at least in Massachusetts, Wisconsin and Idaho. The big difference? This time it's not sleazy subprime lenders offering mortgages for just $1,000 down and no... Continue Reading »
Jul 2nd 2010 8:35AM
Key Video Takeaways Evan, who hopes to buy a home one day, is getting conflicting information about how much of a down payment he'll need. Whether or not he has enough money might have an effect on when he'll be ready to purchase a home. He's heard that down payments can range from 5 percent to 20... Continue Reading »
Jun 29th 2010 5:52PM
To easily snag a home loan, an applicant needs to be a "triple threat" -- have an excellent credit rating, a large down payment, and low debt-to-income ratio with steady significant income. But even if you have bad credit, you don't have to rule out future home ownership. Homebuyers with bad credit due to a foreclosure or... Continue Reading »
Jun 25th 2010 2:18PM
Mike Valdez fits the profile of a savvy first-time homebuyer perfectly. A 34-year-old financial analyst from New Rochelle, N.Y., he and his family had grown sick of living the renter's life. So two years ago he decided to test the market and find a townhouse for his growing family. But despite his financial aptitude, he... Continue Reading »
