Known Solution for:

The Current Economic Crisis in America

Banks should ot lend more that 85%

Banks should stop lending 100% of the value of a property, instead they should lend an 80% or 85% of the value of the property and the customer should have the other 15% plus legal costs and the mortgage should be no more that 50% of their monthly income that way people will be forced to save money instead of spending every dime which makes the difference during hard times and they will not be able to buy a property unless they already have the down payment of 15%, that shows banks that the person in question can save, therefore is financially organized, also the housing prices will not go as high because if they did people would not be able to afford them, they wouldn't have the down payment.

Contributed by Laura Matamoros, Self Employed

Comments

on Banks should ot lend more that 85%

Notify me of New Entries on this Page

You can receive an email whenever a new comment is added to this solution. You can unsubscribe at any time.

Become a Problem Solver

Help solve problems for pay or for the Common Good. Use your expertise to help companies solve problems and get paid for every accepted solution. Or volunteer to work on solving problems for the Common Good. [REGISTER]

Volunteer to be a Moderator

If you are a regular contributor and are passionate about one or more topics, IdeaConnection is interested in talking to you about becoming a moderator. Please [REGISTER] as a member and [EMAIL US] your interest.

Corporate Problem Solving

IdeaConnection.com has thousands of expert, experienced Problem Solvers who can work on giving you new and innovative solutions to your problems. Risk-free: you pay only for satisfactory results. [LEARN MORE]

Become a
Paid Problem Solver