Banks New Strict Loan Requirements. Now You need Better Credit For Home Loans. Making it harder to buy a home for most of us. Disgusting.
When the economy falters, investors, entrepreneurs are looking to take advantage of deals. The regular investor may not have 720 credit score with 20%-30% down during an economic crisis. The fact they make it harder to get loans even for a single family home to me, appears to be setting themselves up for no competition. No competition when home price inevitably come crashing down. Banks, Wall Street, Mortgage companies who receive bailout money will have millions to buy up neighborhoods without stringent qualifications. I talk about this and more in the video at the bottom of the page or go here: https://youtu.be/PBjRU96Tumw
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