21 December 2011

Mortgage for self-employed with less than 20% down is getting harder to get

It looks like it’s going to be even more difficult for self-employed
borrowers to get high-ratio mortgages (less than 20% down payment) next
year. Actually, we’ve already seen some banks limiting such loans.
Moreover, one of the few lenders still offering those mortgages said
they will consider them only on a case-by-case approach in 2012…
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