Need to know infomation for those wanting to buy or refinance a home

United States
March 8, 2007 10:29am CST
This is imformation for home owners and people wanting to a home..And I thought you should know..Because of the market that we are in many lenders(banks) have changed there guidelines when it comes to either refinancing or financing loans. So if you are thinking about refinancing or buying a home you should know that 100% loans are being eliminated as we speak..How know I know I work in the area...and I lenders send me information...So as the market changes guidelines will change and investors who buy your loans are putting more restriction on who they will and will not lend to..This is just need to know info and nothing else...There are also many lenders going into bankruptcy as well..which means if your lenders is on that list filing bankruptcy your loan my be tranferred....
1 person likes this
1 response
@maribel1218 (3085)
• Philippines
8 Mar 07
This is a good piece of new and interested topic and I think many members will surely benefit from this informative discussion. I think most of the members are trying to buy a house or refinance a house and with this advance ideas they are equipped right ahead. Thank you for posting smiley!!
• United States
8 Mar 07
you are welcome...there are many things changing in the market that many people are not aware when i am aware i like to make other people aware......