All Posts Tagged With: "borrow"
What’s Real Estate “Equity?”
In general terms, equity is the difference between the fair market value of your property and all debt it secures. A more conservative view defines equity as the fair market value of your property less debt and marketing costs. Example: If you have a home worth $600,000 and a $225,000 mortgage, the equity is $375,000. [...]
29Aug2008 | Peter G. Miller | 0 comments | Continued
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, 3.5 and even [...]
27Aug2008 | Peter G. Miller | 0 comments | Continued
© Copyright 