4 ms·
I'm not surprised the 2008-2009 collapse created much stricter lending standards. I bought a condo last year and I was shocked (in a good way) at how difficult
by acconrad 11y ago
I'm not surprised the 2008-2009 collapse created much stricter lending standards. I bought a condo last year and I was shocked (in a good way) at how difficult and laborious the process was, even for someone with great credit and a reasonable, stable income.
- mixmastamyk 11y agoStrict sounds good, difficult and laborious not so good.
- innguest 11y agoIt's hard for you because you have good credit. It's not hard for people with bad credit, as is evidenced by Fannie and Freddie's latest 3%-down mortgage program. The reason is that the very point of the new lending standards is to provide banks an exit strategy in the real estate market by inflating another bubble.