Having skin in the game, as they say, is a good thing when buying a home. It's all the other changes and requirements that will have a major impact on any future recovery in the housing market! Take a read and see what you think?
Mathews Realty Group
Retirement Advisor/Investor Servicers
"How to Buy Real Estate in your IRA"
Amplify’d from www.latimes.com
Changes in mortgage finance rules could hurt housing recovery
The government is proposing to limit the best interest rates and terms to buyers who can put 20% down, meet stringent debt limits and have sterling credit.
But some of the other requirements that federal agencies and the Obama administration are proposing in the same plan have gotten much less attention yet could prove just as troublesome for consumers:
See this Amp at http://amplify.com/u/byoy6
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