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Mortgage Professor about home purchasing: | |||||||||||||||||||||||
Borrow From the Builder's Lender?
November 6, 2000 "The broker at the builder?s office where I am purchasing a home told me that I had to take my loan from her. Can this be true?" No. While the builder can require that you be qualified by his preferred lender, you are free to borrow from ... more... Consolidating Debt With a New Purchase Mortgage November 22, 2004 Some home buyers try to kill two birds with one stone by consolidating their debts in the new purchase mortgage. Usually this is not a good idea, as in the case illustrated below. "I have $30,000 in cash for a down payment on the $300,000 house ... more... |
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home purchasing related definitions |
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VA Loan
VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more... American Dream Downpayment Initiative American Dream Downpayment Initiative The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households. ADDI help first-time homebuyers with downpayment and closing costs. The program assists low-income ... more... |
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More about home purchasing The Home Loan: Your Biggest Investment Military Finance Tips on Home Buying Save Thousands on Your Home by Utilizing California Refinance Creating a Financial Future--Putting Your Plan Into Action Part 2 Home Buying Process - Pointers FSBO - Selling Your Home FSBO (for sale by owner) Is It Worth It? The Power of a Home Equity Loan to Pay Down Debt Boat Loans Steering Way Towards a Bon Voyage Giving Finances a Breather Through Loans for Unemployed Save Money on Furniture
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