What percentage of people can still buy a home based on the new standards. Is anyone writing 100% financing loans anymore? If you got prequalified with them a couple months ago and lock a rate but now you wont qualify under the new standards will they still honor the loan or do you get booted to the curb? This would be in reference to buying a condo that was not yet built but you went into contract with the builder by putting down your 5% non-refundable deposit. Dont worry, I didnt do this, just wondering what affect it will have on the market.
