All Posts Tagged With: "account"
Can I Buy A House With Mattress Money?
Mattress money — cash not deposited in banks and other repositories — has long bothered lenders. They wonder where the money comes from, and if it was obtained illegally.
Traditionally, lenders have refused to accept mattress money from home buyers. However, Freddie Mac has said that in some cases it would allow buyers to use cash [...]
How can we come up with a real estate down payment without selling our stock?
This is a delightful problem. A home purchase typically requires either a sizable down payment, say 20 percent, or some form of backing by a third-party — perhaps the FHA, VA, or a private mortgage insurance (MI) company — to buy with less down. With a third-party, loans with 15, 10, 5, 3 and even [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
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