Re: Current State of Loans
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So if now is "the time to buy", does that also mean it's the time to get a loan?
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Yes, probably so. Whether or not the loan will be hard to get is difficult to answer. It depends a lot on who is asking for the money and what the money is for. Its harder to get non-owner-occupied loans without a substantial down payment (i.e., 25-30%) than it has been in the last several years.
But its still easy (in my experience) to get owner-occupied loans if you've got decent credit and a job, even if you don't have a downpayment. You'll pay high interest rates if you want a stated income loan, but you always pay a bit more for those anyway.
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