Lenders return to subprime market

lendersNo- its not like last time. Last time if you could breathe you got a loan. Today you have  it’s prove income, assets and have a healthy down payment. You will pay  a high interest rate and if your credit score is low, you might have to put down up to 40%.

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Are govt loans getting easier to get?

Depends. For refinancing- no. They have no incentive to drop your interest rate from 6 to 3.5.

The investors that bought the loans took such a bath in recent years that the pendulum swung really far back the other way and imposed really harsh lending requirements.

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