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Freddie Mac: Prospective home buyers overestimate required down payment

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Mortgage Professional America | 16 Jun 2014, 08:36 AM Agree 0
According to a recent study, prospective home buyers commonly believe they'll need a much bigger down payment than they actually will
  • M Hipp | | 16 Jun 2014, 11:29 AM Agree 0
    This is ALL due to our lovely media outlets who are constantly stating that "the banks still are not lending for mortgages" BALONEY!!! We have NEVER stopped lending on mortgages with anywhere from 0 to 5% down minimums depending on the mortgage programs. We need our Mortgage Associations to get off their duffs and do MORE with public notices and press releases to the media. CNBC is one of the WORST since they are so financially driven....but where are they located? NEW YORK CITY!!!! All they do there are JUMBO mortgages with the majority of the country does not need. Yes, Jumbos have more down and may be harder to find....but even then, there are still plenty of available outlets (unless you are buying a 32 million dollar mansion!!!) Let's get the media to STOP this nonsense. What say you all???
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