If you are looking for loan lenders that can offer you a good deal and a low down payment on the real estate loan that you are seeking in today’s trying market, think again. You will be subjected to more paperwork and verifications than ever before and the rates are not nearly as favorable then they were even two years ago. As loan lenders cut their losses from their portfolios, they need to assure that they do not see a repeat of what they jut went through, which caused many loan lenders to go belly up. As a result of this, loan lenders are really tightening their standards. What will change? Interest only and stated income loans will really become a thing of the past. The standard fixed rate or variable rate mortgage will be prevalent once again. And, just like it was in the seventies, most home buyers will have to crank out ten percent or more as a large down payment for the loan lenders to feel confident enough to issue a loan in their name
