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With so much attention focused on rapid home appreciation, lenders
seek a constant supply of borrowers. New financial products, creative
terms, ARMs, and blended rates are common. For the most part, lenders
seem incapable of using restraint when serving massive national demand.
Even applicants with recent records of filing bankruptcy have plentiful
options when paying above average interest rates or substantial down
payments. In reality, buying a house after filing bankruptcy is merely a
matter of money and how much a borrower is willing to spend.
For the best deals however, consider larger down payments as a more
prudent approach, to avoid the inevitable decline in the rate of
appreciation. Most analyst already believe the curve is slowing, and
poised for a stagnant or declining period of appraised home values. As
in musical chairs, home owners who join the party late may be left
standing alone.
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