Down payment gifts prevent skin in the game

Coming by a down payment acceptable to today’s mortgage lenders is altering the outlook for homebuyers in this post-Millennium BoomThe years 2000-2007 leading up to the current economic recession, characterized by loose lending practices and unsustainably high property prices and sales volume.The years 2000-2007 leading up to the current economic recession, characterized by loose lending practices and unsustainably high property prices and sales volume. era, following 30 years of ever relaxing mortgage qualification requirements. While 100% financing came to be regarded as the standard during the Millennium BoomThe years 2000-2007 leading up to the current economic recession, characterized by loose lending practices and unsustainably high property prices and sales volume.The years 2000-2007 leading up to the current economic recession, characterized by loose lending practices and unsustainably high property prices and sales volume., today’s homebuyers in need of purchase-assist financing are again making down payments, but in amounts significantly less than 20%.