WHEN you add everything up, closing costs can increase the price of a
home by as much as $10,000, sometimes more.
Those who are cash-poor can ask relatives for help. But some lenders
advertise another option: If borrowers agree to accept a mortgage
interest rate from a quarter to a full percentage point higher than
they would ordinarily qualify for, they can receive credit toward
their closing costs.
http://www.nytimes.com/2011/10/30/realestate/mortgages-handling-high-closing-...
Shan Saigal
Broker-Referral Realty Silicon Valley
Direct: 408-505-9302 /Dre#00768704
www.ShanSaigal.com
home by as much as $10,000, sometimes more.
Those who are cash-poor can ask relatives for help. But some lenders
advertise another option: If borrowers agree to accept a mortgage
interest rate from a quarter to a full percentage point higher than
they would ordinarily qualify for, they can receive credit toward
their closing costs.
http://www.nytimes.com/2011/10/30/realestate/mortgages-handling-high-closing-...
Shan Saigal
Broker-Referral Realty Silicon Valley
Direct: 408-505-9302 /Dre#00768704
www.ShanSaigal.com
No comments:
Post a Comment