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jamesptyler jamesptyler is online now

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  • Last Activity: 02-12-2012 09:19 PM
  • Join Date: 09-25-2003
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Posted 10-23-2008 at 11:11 PM by jamesptyler Comments 1
Posted in Uncategorized
Minimum Cash Requirement

The main deterrent in buying a home today is not income or credit requirements but rather finding the necessary funds to cover the initial costs and down payment. Traditionally a 20 percent down payment is required and in many instances the related closing costs and escrow funds can run another 10 percent. In today's market of high prices for even modest homes, up front fees of 30 percent present more of a barrier than credit history or mortgage payment...
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Jim,
I'm brand...
Posted 01-17-2009 at 03:31 AM by Jack McDonald Jack McDonald is offline

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