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Posted on 4/13/20 at 10:04 pm to HYDRebs
If that happens we are screwed
Posted on 4/13/20 at 10:23 pm to HYDRebs
quote:
Looks like Chase is going to require most of their programs be limited to 80% loan to value or less and 700+ credit scores starting with new applications Tuesday
What will this do to mortgage interest rates?
Posted on 4/13/20 at 10:47 pm to HYDRebs
quote:
Looks like Chase is going to require most of their programs be limited to 80% loan to value or less and 700+ credit scores starting with new applications Tuesday.
They are doing it to stop applications
They still allow lower credit and have a 3% down payment program.
quote:
I would not be surprised to see most banks if not all follow suit quickly. No bank will wants to be the last to act if there is credit tightening.
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