Remove 2004 Remove Buyers Remove Loan Officers Remove Real Estate
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Opinion: Why we need a mortgage rate reset

Housing Wire

Most people paid those loans for 30 years, on time. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. Multiple crops per year: Move-up buyers and refinancing. What if that one loan turned into three to six loans? How do we clean the fields?

Mortgage 424
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Will Homeownership Bankrupt Americans?

DataMaster

in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home! By April 2021, the rate fell to 64.6%. But the range goes even higher!

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article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home! By April 2021, the rate fell to 64.6%. But the range goes even higher!

article thumbnail

Will Homeownership Bankrupt Americans?

DataMaster

in April 2004. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home! By April 2021, the rate fell to 64.6%. But the range goes even higher!