Buyers in Hot Markets Try Creative Home Financing

Posted on May 13, 2015 in Stated Income Loans

Weekly mortgage applications fall 3.5% as rates rise
That makes this the most abrupt move higher in roughly two years, purchase site with the last notable example being the mid-2013 'taper tantrum,'" noted Matthew Graham of Mortgage News Daily, referring to the sharp rise in rates after the Federal Reserve first …
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Buyers in Hot Markets Try Creative Home Financing
Jumbo loans, unhealthy which are above lending limits for most mortgages, site almost always require a 20% down payment, information pills according to Christopher Caproni, a loan advisor with RPM Mortgage in Mill Valley, California. The limits for home loans that are generally …
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Detroit mayor unveils new mortgage program
Last year, 90 percent of homebuyers could not get financing and had to pay cash. This program is designed to … The key word for would-be home buyers is "no": No down payment, no closing costs, no credit check, no fees or points. If you promise to …
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