Even with the Florida tax cuts, rate cuts and recent Florida real estate property price declines, most Lenders are making it harder for potential buyers to qualify for a mortgage.
Example: For a medium priced home of $362,500 in Miami-Dade County, this new requirement by Countrywide means buyers have to add an additional $18,125 down payment to obtain a home loan.
Click her for complete article: Florida Home Loans, Miami Real Estate
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