[quote=jficquette]I am serious when I say this. They need to bring back the no doc loans but require 20-25% down.
Rinse repeat.
John[/quote]
Totally agree here, John. There was absolutely nothing wrong with those programs (with a requirement of =>20% downpayments) and their very qualified in-house appraiser (also not “allowed” anymore). Even though my spouse and I had W-2 incomes, we purchased several properties on “limited doc” programs, always with 20%-35% down. I don’t like banks or government in my business and like to close fast and easy.
Owners having “skin the game” is the key to a stable housing market.
