All Posts Tagged With: "home loans"

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Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) Penalties Likely to End “No Money Down” Programs

February 28th, 2011 • • 1 comment • Related • Filed Under • by Debbie 
As banks face penalties for abuse mortgage practices and sketchy foreclosure practices, lenders begin looking for larger down payments for borrowers looking to buy houses. Penalties faced by the nations largest banks, Bank of America, Wells Fargo and Citigroup are expected to run into billions of dollars as a result of the banks automatically signing [...]
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5 Ways to Save Cash for a Down Payment

July 10th, 2008 • • Comments Off • Related • Filed Under • by tisha 
Buying a home is one of the biggest financial decisions a consumer can make. With the increasing difficulties the home sales industry is now facing, most lenders will require a down payment of some kind, in order to qualify for a home loan. It wasn’t that long ago when lenders were more comfortable with the [...]
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What Mortgage Lenders Look For

February 29th, 2008 • • Comments Off • Related • Filed Under • by erica 
Obviously, potential mortgage lenders look at your income for the last two years and your credit score when determining if you are “home loan-worthy.” However, income can now be “stated,” and bad credit does not mean you will be unworthy in getting a loan. Bad Credit is just as attractive to many lenders as good [...]