Higher Closing Costs in Real Estate Transactions
Josh Talayka | January 23, 2012
According to a survey performed by Bankrate; on a nationwide average, closing costs have increase 8.8% over the last year.
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Seller Financing: The Benefits and the risks as a seller.
Josh Talayka | December 5, 2011
Seller financing can offer many benefits in today’s market for a seller. It offers a way for an equity seller to stand out from the competition. For one, since the majority of buyers who need seller financing can’t qualify for a traditional loan, they are normally willing to accept an interest rate well above conventional rates in order to complete the purchase.
FHA financing now available with a credit score as low as 500
Josh Talayka | May 9, 2011
On January 15, 2011, Wells Fargo lowered their credit guidelines to offer FHA financing to borrowers with credit scores as low as 500. This lower credit requirement should open the doors to many buyers who otherwise would not be able to meet most lenders’ credit requirements of minimum scores of 650+/-.