The top mortgage lender in the country, Wells Fargo, has called for borrowers to come up with 30% down if they want to avoid higher mortgage rates and more restrictive lending tied to the “risk retention” requirements related to the Dodd‐Frank Wall Street Reform and Consumer Protection Act of 2010. Essentially, the government wants to […]
Your Mortgage and the Down Payment You Need
There are a lot of steps in buying a home. Among the things you need to prepare for is the amount needed to make the down payment required by the lender. This is a form of financial protection for the lenders, and since they require this, borrowers have no choice but to comply. In the […]