Lenders are Raising the Bar for Some Borrowers and Shutting the Doors
Saturday, March 31st, 2007Lenders are Raising the Bar for Some Borrowers and Shutting the Doors Ledger - The first mortgage is provided for 80 percent of the cost of the home, and the piggyback second mortgage is for the remaining 20 percent. The 80 percent first mortgage can be a fixed-rate 15-year or 30-year, adjustable-rate or […]