For many years, everyone(including buyers) were looking for a 10% return. With the current reduction in earnings on interest bearing accounts and stock returns, the number has declined. Being more specific to your question, every scenerio is different, but the average is; they want the monthly lease amount to cover the monthly payment plus taxes and insurance, or they want enough in your account to cover a year's worth of these expenses. Always depends on the Borrower's financial condition. Hope this helped.
Aug 12, 2009