Boywithcalculator

Four Reasons Why Buyers Should Consider Seller-Paid Points

Posted By Gibran Nicholas
15 January 2014

"Seller-paid points" are where the seller pays points to reduce the interest rate on your mortgage. Consider a home where the list price is $300,000 and the seller is willing to accept a bottom line of $291,000. If the seller reduces the price by $9,000, you would be able to purchase the home for $291,000. Both you and the seller would be happy. However, what if you purchase the home for $300,000 and ask the seller to contribute $9,000 toward your closing costs?...


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Foul

How the 2014 Mortgage Rules Impact You

Posted By Gibran Nicholas
15 January 2014

Imagine that you're playing a game where the rules constantly change, and everybody is always confused about them (including the rule makers). Welcome to the 2014 mortgage industry! Here's the inside scoop: ...


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HomeQB is the official housing and mortgage blog of CMPS Institute. CMPS Institute is a national organization that certifies mortgage bankers and brokers. Our mission is to help homeowners and homebuyers improve their lives by using the right mortgage strategies.

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