Posted on: 25th Aug, 2010 07:01 pm
Why is it difficult to obtain a mortgage loan on houses that are for sale at $20,000?
Hi Guest!
Welcome to forums!
Lenders are normally not ready to give a mortgage to the borrowers for such a small amount. They will prefer giving mortgages to the people who will borrow a large sum of money.
Sussane
Welcome to forums!
Lenders are normally not ready to give a mortgage to the borrowers for such a small amount. They will prefer giving mortgages to the people who will borrow a large sum of money.
Sussane