Need a mortgage now? Bring lots of cash
Are you ready to buy a house in this crazy market? Better bring a boatload of money to the closing. In a brutal real estate market where all the players want to hedge against the tremendous risks, down payment requirements and up-front fees have soared, shutting many potential home buyers out of the market. "I have as many people calling me for financing as ever," said George Hanzimanolis, a Pennsylvania mortgage broker, "but I'm putting less than half of them into loans."...
7/15/2008 12:00:00 PM
News & Issues - Business/Financial News
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