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re: Potential home buyers in the future market.
Posted on 5/20/20 at 3:28 pm to AUriptide
Posted on 5/20/20 at 3:28 pm to AUriptide
You'll need at least 20% down payment firm. Maybe more. The banks aren't going to risk financing more than the balance of that. And interest rates will rise to mitigate the risk. But housing is a lot like crawfish, somehow, against all reason the prices stay high.
3
Posted on 5/20/20 at 3:32 pm to Picayuner
Weren’t crawfish prices ridiculously low this year?
Posted on 5/20/20 at 3:32 pm to Picayuner
Yeah I’ve heard 20 is minimum for a lot of banks now. Luckily (maybe) I got in at 10% a few months back. As long as I don’t sell, no harm no foul right? 
Posted on 5/25/20 at 10:48 pm to Picayuner
quote:
You'll need at least 20% down payment firm.
Where are you that requires that?
I know of multiple house sales that were completed with 5% down here in B’ham.
This post was edited on 5/25/20 at 10:49 pm
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