The cost of borrowing money is about to sky-rocket as well.

$20K equity in a $200K property isn't really any equity because if you sell closing costs will eat up almost the entire amount.Its unlikely you'll be able to borrow this equity.

She turned me down, citing the economy, nobody's loaning money, nobody can borrow now, two owneers of her few listings may lose their houses, and it's taking a toll on her...How is it where you folks are?

Could you be of any assistance in that department?

After not hearing from the Architect end of last week as to when the Comments will be completed, I went to their office today to find the Architect was on Vacation until Thursday and the assistant had no idea what was going on with the plans.

My girlfriend is listed as the primary borrower and I am listed as a co-borrower.

Investors who borrowed more than they could afford and lenders who were only too happy to help them do it.

Their lending guidelines differ a little in terms of fico score requirements, source of down payment funds, and the type of properties and areas they will consider.The question of who is the "best" is really based on the particular borrower and the specific property you are seeking to finance.

Not positive why they haven't come out publicly with this unless it is to help the banks with a larger spread by lowering their cost of money while keeping the prime rate the same for borrowers.

If people can't borrow the economy is going to stall.