Provided Courtesy of The Mortgage Professor April 4, 2012Many potential mortgage borrowers spend time on mortgage web sites in preparation for shopping off-line. Many come to my site to see if they will qualify, to decide what kind of mortgage best meets their needs, and whether they want to buy down the rate by paying …
Read more »Mortgage Rates for the week of March 26, 2012 Provided Courtesy of Mark Cohen ph. 310-777-5401 • fax 310-777-5410 • markcohen@cohenfinancialgroup.com • www.cohenfinancialgroup.com
Read more »By Diana Olick, CNBC.com Anyone with any cash in hand should be buying a house right now. By Justin Sullivan, Getty Images That’s what any real estate agent will tell you, obviously, but that’s also what many investors now believe. Unfortunately, the potential home-buying public … isn’t buying it. January’s consumer confidence report found a …
Read more »Article Courtesy of mtgprofessor.com December 5, 2011Q: What is the down payment? A: The down payment is the property value less the loan amount. It is not the same as the borrower’s cash outlay if some of that outlay is used for settlement costs. On a newly constructed home, the land value can be part …
Read more »Article Courtesy of wsj.com By Amy Hoak Coming up with a down payment is often a first-time home buyer’s biggest challenge. That’s why many of them get a little help from relatives or friends. In 2010, 27% of first-time buyers received a gift from a friend or relative to use toward their down payment. That was …
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