2006-09-29 12:37:53 · 4 answers · asked by brittany h 1 in Home & Garden ➔ Other - Home & Garden
It will cover everything - your closing costs, points, etc.
2006-09-29 12:47:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hopefully everything,,, but might also require you to pay it back at a higher than Prime, interest rate?
Resales as well as New sales are down slightly at the moment, though not prices yet, apparently.
Not knowing at all what the Mtg. amount is, yet believing it may be a 30 year term, you might pay $300,000 for a $100,000 house?
Rev. Steven
Read every word of fine print, and engage a Real estate attorney as well.
2006-09-29 19:56:20 · answer #2 · answered by DIY Doc 7 · 0⤊ 0⤋
usually the home and you pay your closing costs, attorney fees, doc stamps, title insurance etc. Ask them don't be afraid to ask all agreements may differ and a person who as been around a while would ask them to explain every aspect of the loan. including the fixed or adjustable part. then take that info and review it with someone you trust.
2006-09-29 20:43:57 · answer #3 · answered by Jack 5 · 0⤊ 0⤋
Try the links in http://www.hot8sites.com/mortgage/ for all information on mortgages
2006-10-03 14:08:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋