“Mortgage brokers are begging for qualified customers with money to put down. ‘We can get 15-year fixed rate money at 53/8 to 51/2 percent,’ said Dave Hofer of Re/Max Harbor Realty in Punta Gorda. ‘The problem is we don’t have enough legitimate buyers. They are not motivated.’”
Neeta, how much was the required downpayment? If the downpayment is big enough, let’s say 30%, on a conservatively appraised property, then the loan is as near to risk-free as you can get today. That would qualify it for a rate closer to Treasuries than to rates on high-risk loans with less than 30% down. Treasury and other low-risk rates are lower today than 6 months ago.
Neeta, how much was the required downpayment? If the downpayment is big enough, let’s say 30%, on a conservatively appraised property, then the loan is as near to risk-free as you can get today. That would qualify it for a rate closer to Treasuries than to rates on high-risk loans with less than 30% down. Treasury and other low-risk rates are lower today than 6 months ago.
Neeta, how much was the required downpayment? If the downpayment is big enough, let’s say 30%, on a conservatively appraised property, then the loan is as near to risk-free as you can get today. That would qualify it for a rate closer to Treasuries than to rates on high-risk loans with less than 30% down. Treasury and other low-risk rates are lower today than 6 months ago.
Neeta, how much was the required downpayment? If the downpayment is big enough, let’s say 30%, on a conservatively appraised property, then the loan is as near to risk-free as you can get today. That would qualify it for a rate closer to Treasuries than to rates on high-risk loans with less than 30% down. Treasury and other low-risk rates are lower today than 6 months ago.
Neeta, how much was the required downpayment? If the downpayment is big enough, let’s say 30%, on a conservatively appraised property, then the loan is as near to risk-free as you can get today. That would qualify it for a rate closer to Treasuries than to rates on high-risk loans with less than 30% down. Treasury and other low-risk rates are lower today than 6 months ago.
