Reform of the State wants Subprime mortgages
William Gonzalez, Bridgeport, he said began with a dream of buying his first home. He told brokers and lenders, he could afford a monthly payment of $ 1200 to $ 1800. What was finally at $ 2400 a month with a mortgage for a home, then losing in a month.
Gonzalez described Tuesday at the State Capitol for the Governor’s Task Force “Subprime Mortgage Lending process with an enigma various real estate companies, brokers, lenders, and even a lawyer, none of them were as representative of its interests. He said that negotiations with him say what it can and it shows a broker $ 315000, three bedrooms of the house and told him he could afford. He qualified for loans, which for him. has agreed to pay a down payment, and if it has been made all the formalities, he discovered, he bought a house $ later, it was the 324000th
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