Describe some of the steps home buyers can take to improve the home buying process and increase their overall satisfaction with their purchases.
Answer to relevant QuestionsWhat role does a real estate agent play in the purchase of a house? What is the benefit of the MLS? How is the real estate agent compensated, and by whom?Briefly describe the two basic types of mortgage loans. Which has the lowest initial rate of interest? What is negative amortization, and which type of mortgage can experience it? Discuss the advantages and disadvantages of ...Debbie Snyder has just graduated from college and needs to buy a car to commute to work. She estimates that she can afford to pay about $450 per month for a loan or lease and has about $2,000 in savings to use for a down ...What would the monthly payments be on a $150,000 loan if the mortgage were set up as:a. A 15-year, 6 percent fixed-rate loan?b. A 30-year ARM in which the lender adds a margin of 2.5 to the index rate, which now stands at ...Describe the effects of the credit crisis of 2008–2009 on borrowers.
Post your question