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re: Simple Question about being pre-approved for a mortgage

Posted on 1/6/13 at 7:34 am to
Posted by LordSnow
Your Mom's House
Member since May 2011
5528 posts
Posted on 1/6/13 at 7:34 am to
quote:

When was the last time you took out a mortgage?


'08
Posted by threeputt
God's Country
Member since Sep 2008
24791 posts
Posted on 1/6/13 at 7:40 am to
Yeah, there has been lot more govt regulation since then. I am sure somebody out there will take less than 20% percent down but you may gave to look pretty hard to find them.

I am probably not the best person to be giving you advice so I will leave this tread for somebody who is in the business to answer but it has been my experience from the last few home purchases (one primary and two rentals) that 20% is pretty much required by most lenders.
This post was edited on 1/6/13 at 7:48 am
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