re: #553 doppelganglander

Yes, you are supposed to have enough in the bank, after the down payment and closing costs, to make your mortgage payment for a period of time. It used to be 3 months but it’s probably less than that now, if they even enforce it.

No money down ,,, 0% interest for a year ,,,, no credit checks,,,, no job history,,,, THATS what got us where we are now. You think they’re looking at 3 months reserve? The banks had to change all the rules when they were accused of “redlining” in the poorer neighborhoods.

Thank you Dems, ,,,, not EVERYONE should be a homeowner. It’s NOT a “RIGHT”