It’s amazing to see how much down payment risk lenders will take when they know a borrower will earn a lot of money… I often blog about the biggest reason borrowers walk away from their mortgages: a lack of equity, resulting from price drops and/or too little down (it’s not high payments, like the media will have us believe). But there is an exception to this rule: doctors and medical professionals. They keep paying no matter what, and mortgage lenders know this.
Read More