Found 3 blog entries tagged as mortgages.

 


THIS HOUSE FOR SALE CAN BE FOUND ON OUR WEBSITE TOMCRIMMINSREALTY.COM AS WELL AS NYC.FLEXMLS.COM (MULTIPLE LISTING SERVICE). MLS # 1124929.GORGEOUS 2 FAMILY DETACHED, 5/5 NEW CONSTRUCTION. FULL FINISHED BASEMENT WITH 3/4 BATH, SEPARATE ENTRANCE, AND SEPARATE ELECTRIC METER. CONVENIENTLY LOCATED CLOSE TO PARKS, SHOPPING, HIGHWAY, AND TRANSPORTATION. FEATURING AN EXCELLENT BUILDER PACKAGE, HARDWOOD FLOORS, BIG BEDROOMS, BIG PRIVATE YARD, CUSTOM KITCHENS AND MORE. SEPARATE UTILITIES WITH WASHER AND DRYER HOOKUPS ON EVERY FLOOR. 1 CAR DETACHED GARAGE AND 3 CAR DRIVEWAY! MOTIVATED SELLER. LEVEL 1: LIVING/DINING ROOM COMBO, 2 BEDROOMS, KITCHEN AND FULL BATH LEVEL 2: SAME AS LEVEL ONE BASEMENT: FULL FINISHED, 3/4 BATH, EXTRA ROOM, SIDE ENTRY. SCHEDULE A…

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Fannie Mae and Freddie Mac have been in the news recently, so it’s a good time to do a refresher on who they are and what role they play.

Who Are Fannie Mae And Freddie Mac?

Fannie Mae is the Federal National Mortgage Association. FNMA is a federally chartered enterprise owned by private stockholders that purchase residential mortgages and converts them into securities for sale to investors. Freddie Mac is the Federal Home Loan Mortgage Corporation. The FHLA, also federally-chartered, is a corporation that purchases residential mortgages, securitizes them, and sells them to investors; this provides lenders with funds for new homebuyers. They were originally created to raise homeownership levels and increase the availability of affordable housing.

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Going head to head to cash buyers is always competitive. Cash buyers are seen as desirable because there are no banks involved and they’re almost always a guaranteed quick close. But don’t freight; there is still hope of getting your dream home!

Here are some ideas to help beat out those cash buyers:

20 Percent Down Payment

Save up a higher down payment for the price range. If you can come up with 20 percent or more, then you’re in a position to wave the appraisal contingency for financing with the bank. In simpler terms - the more cash you have saved, the better.

Take-It-or-Leave-It Home Inspection

This means that based on the home inspection, you’ll take the property with all its issues, but you still have the option walk away. What you…

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