Those who put little money down at closing default more often
Off the wire: The Federal Housing Administration is prohibiting its borrowers from relying on down payments financed through charities that are in effect paid for by the seller. These programs, which often are run by legitimate charities, have helped thousands of...How much is your property worth?
How much is your property worth? The smart-ass answer is, it’s worth exactly what someone’s willing to pay for it. The long answer is, it’s worth what you want to pay for it, or it’s worth what the seller thinks it’s worth, or it’s...PMI can help borrowers who have small or no downpayments
Yes, you can still buy a home with little or no money down (in fact, Congress is hoping to make it much, much easier, in the near future!). However, if you do, if you do get a loan for more than 80% of the appraised value, your lender will want you to take out what is...Many buyers left waiting at the closing table, during August
Sounds as though there were a lot of surprises at the closing table, last month. According to a story in Inman News: A new survey of mortgage brokers reveals that one in three prospective home buyers who had signed purchase and sale agreements in August ended up...Congrats to those who are patient
The Times did a great story this weekend regarding people who saved in order to buy their first homes. save verb, saved, sav·ing, noun / verb (used with object) 1. to rescue from danger or possible harm, injury, or loss: to save someone from drowning. 2. to keep...Condo Listings by Neighborhood
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