Category Archives: For Buyers

Ten Things a Lender Needs from You

W-2 forms or business tax return forms if your self-employed for the last two or three years for every person signing the loan. Copies of one or more months of pay stubs for every person signing the loan. Copies of two to four months of bank or credit union statements for both checking and savings…
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Six Creative Ways to Afford a Home

If your income and savings are making home buying a challenge, consider these options. Investigate local, state, and national downpayment assistance programs. These programs give loans or grants to cover all or part of your required downpayment. National programs include the Nehemiah program (http://www.getdownpayment.com/) and the American Dream downpayment fund from the Department of Housing…
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Ten Questions to Ask Your Lender

Be sure you find a loan that fits your needs with these comprehensive questions. What are the most popular mortgage loans you make? Why? Which type of mortgage plan do you think would best for us? Why? Are your rates, terms, fees, and closing costs negotiable? Will I have to buy private mortgage insurance? If…
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Ten Questions to Ask Your Condo Board

Before you buy, contact the condo board with the following questions. In the process, you’ll learn how responsive—and organized—its members are. What percentage of units is owner-occupied? What percentage is tenant-occupied? Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale. What covenants, bylaws, and restrictions govern the…
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