Remember the 2008 financial crisis, when a ton of lenders gave a ton of confiscatory and adjustable-rate home loans to borrowers who couldn’t possibly afford to pay them back, and then the borrowers ran out of money and everything collapsed and there was a disastrous recession?
Because I remember.
X Post Loading… Real estate marketplace Zillow has launched a new program to help people who want to buy homes but are being squeezed out of the market by a surge in interest rates.
Zillow Home Loans is offering mortgages with a 1% down payment option for eligible homebuyers looking to own property in Arizona, and will contribute an additional 2% at closing, the company said Thursday. It also plans to expand the program to other markets. As someone who lived through the 2008 crisis, let me be the first to say: I mean look: The economy stinks right now. That’s no […]
Read the Whole Article From the Source: notthebee.com
