Real Estate Financing.

[badmomma]

My husband and I have been looking to buy some more property. Namely a second home to either rent or flip.

The changes made to the mortgage loans due to the fiasco with the banks making so many bad loans stopped us dead in our tracks.

You see now you have to have 2 years of no missed or late payments before they will even consider a loan.

The amount of money that you need to put down is also quite a bit larger than it used to be.

I also found out that the insurance companies refuse to insure a home that you are not living in due to the increase in thefts of building materials in uninhabited homes.

I will be getting more land but I think that is what it is going to be just land. The isn't much on an empty piece of property to steal and nothing to insure.