Loan


Mortgage Down Payment Requirements

Author: Banker Date: Wed, 02 Nov 2011 08:33:58

If you would like to buy a home or any other costly item, but you are too short of money, there is a chance to buy a good thing by paying part of the total value and continuing to pay until you return the full amount. This is what we call a down payment – a percentage of the value of a house (or any other luxury item). Usually it amounts to between 5 and 25 percent of a property’s value. More >>>

Down Payment Assistance

Author: Financier Date: Fri, 28 Oct 2011 09:28:39

Down payment assistance programs are popular among people with medium and low incomes, since they can be very helpful in obtaining houses, vehicles and other luxury products. Particularly, these programs help their clients make a down payment, which is part of the total value of an object. As a rule, buyers are required to pay down 5 to 25 percent of the value. More >>>

Down Payment Calculator

Author: Financier Date: Wed, 19 Oct 2011 09:23:21

It does not take a lot of calculation to determine the size of a down payment. All you need to know is the value of the house and the sum you can pay at the moment. With this information close at hand, you can turn to a qualified estate agent so that he/she can provide you with all sorts of information on affordable houses. Alternatively, you can take advantage of a down payment calculator that will show all the necessary details on your down payments. More >>>

Down Payment on a House

Author: Banker Date: Tue, 11 Oct 2011 09:16:49

A down payment is actually part of the value of the house being purchased. Down payment size varies from 5 to 25 percent, but, until recently, buyers with good credit records were entitled to zero down payment. Simply put, they were not required to pay down at all. As a result, many borrowers defaulted, which actually triggered the 2008 global financial crisis. More >>>

FHA Down Payment Assistance

Author: Banker Date: Tue, 04 Oct 2011 09:13:12

Federal Housing Administration (FHA) is a US governmental agency established in 1934 in line with the National Housing Act. These governmental measures were aimed at boosting the US real estate market and home construction. As part of this anti-crisis program, the US government launched the FHA down payment assistance program. FHA had the authority to screen potential home buyers for creditability and provide insurance services for lending institutions to secure them against severe losses due to defaults. More >>>

FHA Loan Down Payment

Author: Banker Date: Mon, 26 Sep 2011 09:08:39

FHA assistance was founded in 1934, when the US government passed the National Housing Act and the Federal Housing Administration (FHA) was established. These recovery measures did eventually help the US economy heal the wounds of the Great Depression. FHA assistance was instrumental in rebooting home construction and home ownership, as long as many people received an opportunity to buy homes and other luxury things (cars, yachts, acreage, etc.) More >>>

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