REAL ESTATE INVESTMENTS
CONGRATULATIONS! YOU’RE A FIRST-TIME HOMEBUYER {NEW HOME BUYERS – PART SIX OF SIX}
Time to start shopping for a home that meets your need.
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Once you decide to make an offer, the negotiation starts and is completed when you close on the property. Closing usually occurs 45 days after you sign the contract (faster if paying cash). After making an offer, you have more work to protect yourself and have zero surprises after final closure. Once you close, YOU OWN THE GOOD AND THE BAD!
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REAL ESTATE INVESTMENTS - THE BEST WAY TO BUILD YOUR WEALTH!
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FINANCIAL LITERACY , INVESTMENTS , REAL ESTATE INVESTMENTS
QUESTION AND ANSWER: DO YOU RECOMMEND HAVING MINIMUM OF 20% DOWN PAYMENT (AND AVOIDING PMI PAYMENTS) PRIOR TO BUYING A HOME?
Recently, a reader asked the above very good question. I am providing a brief summary response and then more details. SUMMARY RESPONSE {DETAILS BELOW} The key decision point is NOT how much you put down. The best and safest move is to put 20% or more down if you can afford the TOTAL HOMEOWNERSHIP COST, discussed in detail below. Paying 20% or more as a down payment avoids paying Private Mortgage ...
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