Tom Hanna's Lifestream

We locked in our rate at 6.25 with no money down week before last but we also are doing a VA loan. I think alot of people that might have been counting on the no money down loans are going to be really disappointed when they go to buy a house and aren’t able too anymore. [Tom's Note: There should still be plenty of opportunities for qualified buyers to get zero down loans. What we won't be seeing again until the next time lenders go nuts are lots of loans going to horribly underqualified buyers with bad credit, no collateral and no verifiable income. We're going to be returning to the days when lacking in one of the three has to be made up with better qualification in the other two. And good luck with your home purchase, Kerriella!]