Buying a home involves more out-of-pocket than just the down payment. There are also closing costs to pay for items such as title policies, recording fees, inspections, courier charges, reserves to set up an impound account and fees that a lender charges.
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You can tell a lot about a neighborhood by driving through it. Manicured lawns and well-kept homes indicate pride of ownership. Junk cars parked on overgrown lawns and overturned mattresses at the curb are signs of decay. However, if you rely on these ind
Continue reading >>Bona fide employees who also have an ownership interest in the company can actually be considered self-employed. For example, if you’re a W-2 wage earner employee and you also have more than a 25 percent ownership interest in the company that employs yo
Continue reading >>Closing costs are simply the fees associated with 1) purchasing a home, 2) borrowing money, and 3) preparing paperwork to finalize the sale. Your total closing costs will vary depending on where your new home is located, what type of property you are buyi
Continue reading >>I have good job and income but terrible credit due to a foreclosure. My stay at home wife has great credit but no income. Can we buy a home in her name using my income to qualify?
Continue reading >>The short sale likely reduced your credit score by around 160 points – and for all practical purposes you need to have 620 or better to get a loan. Time-wise you are looking probably at two years minimum provided that your new history is spotless. Of cour
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