Buyer wants to purchase REO property while conditions are soft
DEAR BENNY: When do you see the bottom of the real estate market happening? When do you think we will have appreciation again? What is the best way to buy REO properties? –Tom
DEAR TOM: That’s the $64,000 question. In an answer to another reader, I said […]
A look at paying points, securing second loan
Interest rates on jumbo mortgages jumped about 3/4 percent in mid-August. Before settling for higher rates or giving up altogether, consider the following ways you might lower your financing costs.
Even though jumbos increased in price, conforming rates — for mortgage amounts up to $417,000 — decreased. On Aug. […]