Mortgage Troubles in "Declining Markets"

Home buying expert Ronn Huth from the Boston area is facing some of the same challenges we are here in the Saline / Ann Arbor area with the "declining Market" label.

In this declining market lenders have changed their lending guidlines to essentially require 5% more downpayment for any given conventional low downpayment program.

On Ronn's blog he gets some insight from nationally recognized mortgage expert Dawn Davis at Rate One Mortgage in Memphis.

If you are looking at using less than 20% down in this area, take a look. Declining Market Explanation