What type of housing would you choose for yourself now, and why? Why might you choose to rent instead of buy?
Answer to relevant QuestionsBriefly describe the various benefits of owning a home. Which one is most important to you? Which is least important?Describe a real estate short sales transaction. What are the potential benefits and costs from the perspective of the homeowner?What does the loan-to-value ratio on a home represent? Is the down payment on a home related to its loan-to-value ratio? Explain.How much might a home buyer expect to pay in closing costs on a $220,000 house with a 10 percent down payment? How much would the home buyer have to pay at the time of closing, taking into account closing costs, down ...1. How much would the Meyers have to put down if the lender required a minimum 20 percent down payment? Could they afford it?2. Given that the Meyers want to put only $25,000 down, how much would their closing costs be? ...
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