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05-06-2008, 10:58 AM
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How has financing changed since the recent mgt problems?
Is it still possible to finance homes up to 100% or 95%. I am reentering the business so be gentle.
Thanks in advance for any help. 
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05-06-2008, 11:10 AM
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Re: How has financing changed since the recent mgt problems?
We recently had a mortgage company come in as a guest speaker in one of our classes. From what I learned, 100% financing is VERY difficult. You can really only get it done FHA now, and even their standards are become more strict.
Apparently all the 2nd lien holders have gone belly up, or closed their doors? Someone correct me if I'm wrong. What market are you working in PDQ?
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Steve Castaneda, Realtor Keller Williams Realty The MyHomeHouston Team Specializing in Houston Real Estate. Feel free to visit my Houston Real Estate Blog or read about Real Estate Technology for agents.
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05-06-2008, 11:11 AM
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Re: How has financing changed since the recent mgt problems?
Tampa,FL.
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05-06-2008, 11:22 AM
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Re: How has financing changed since the recent mgt problems?
Quote:
__________________
Steve Castaneda, Realtor Keller Williams Realty The MyHomeHouston Team Specializing in Houston Real Estate. Feel free to visit my Houston Real Estate Blog or read about Real Estate Technology for agents.
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05-06-2008, 11:24 AM
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Re: How has financing changed since the recent mgt problems?
Sellers are yes. From my limited knowledge. My wife is an appraiser, and I am reentering the business.
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