|
All real estate agents are NOT alike! Find out why I am a top producer. Call me 707-337-1041
|
Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
|
|
 |
Special Offers From Me To You! Just for you, I've assembled some Special Offers. Choose one or all!  
Financing Your Home >Home Buyers Education
As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.
Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.
|
|
| Q |
What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
|
| A |
Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
