Sunday, May 17, 2009

Less Loan-to-Value rate

The economic crisis has made the mortgage lenders to decrease the loan-to-value{LTV} rate. Last year, there were several lenders who were offeringa LTV of 125 percent. But not, I could hardly find lenders who offer 95% LTV. This is really a bad news for the people of the Western countries who have either lost their job or business as a result of the ongoing economic crisis.

Experts believe that the LTV will remain something around 80% for the next 12 months. And if things go out well, the LTV will touch three figures once again within 24 months. It is a well known fact that the lenders have strictened their policies and it is pretty difficult to find mortgage lenders.

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