Aug
31
Waiting and seeing has its costs
Posted by Jill Joseph under For Buyers, For Realty Professionals, For Sellers
I read this week in an industry newsletter (RISMedia) that 40% of borrowers who qualified for mortgages in 2006 would no longer qualify in our new credit crunched environment. How long will it take for anyone who wanted to see where prices would go and decided not to buy to now be able to get a mortgage? And how much more money will be necessary for a person to buy?
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