Home Buyers Beware
WOSU writes: Potential Homeowners Look For Deals AP article, Columbus Board of Realtors press release of January inventory level….
… yet cautions “buyers beware”
“But buyers beware:
Loans are harder to get nowadays, and some lenders will expect at least six months’ worth of payments upfront.”
Upfront? Or are they saying lenders are requiring buyers to have six months reserves? pssst qualified buyers talk to a lender about FHA no six month reserves requirement…
March 18th, 2008 at 12:12 pm
[...] columbusbestblog.com A blog about the best of Columbus & Central Ohio by Maureen McCabe of Real Living HER « Buyers Beware [...]
March 18th, 2008 at 06:49 pm
[...] Buyers Beware - WOSU cautions buyers that lenders may require six months of mortgage payments up front… Reserves? [...]