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Wednesday, April 17, 2013

Want that $1 million home? Better have one year of cash reserves

... down payments of at least 20 percent and prove they have enough reserves on hand to cover at least one full year of mortgage payments, The Wall Street Journal reported. The requirements increase with the size of the loans. Bank of America , for ...

http://www.bizjournals.com/baltimore/blog/real-estate/2013/04/want-that-1-million-home-better-have.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_2+%28Commercial+Banking+Industry+News%29

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