We are receiving a gift for our down payment. It will be in excess of 20% of the purchase price. Someone told us part of that money has to be our own funds. Is this true? If the down payment is in excess of 20% of the purcha
Feb 09, 2015 |
When you negotiate a contract and decide on a lender, you should always take into account closing costs and pre-paids. Here's the difference between the two. Below I have pasted a chart for a closing cost estimator. I hope yo
Feb 09, 2015 |
Feb 03, 2015 |
Student loan debt is one of the biggest reasons millennials struggle to buy homes. However 2015 is expected to be a big year for student loan reform. Right now, the federal Pay As You Earn program allows newer borrowers to cap monthly student debt paymen
Jan 30, 2015 |
We are paying off revolving debt (credit cards). We still have more we want to pay, but we are not sure if we should close them or not. What should we do? If you are looking at a situation where you need to pay off the debt to qua
Jan 30, 2015 |
We are interested in purchasing a home. Our current home is for sale and is under contract. Closing is scheduled on our new home before the closing of our existing home. How does this affect buying the new house? You wo
Jan 23, 2015 |
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