Seller financing: To get deals done, some owners give loans to buyers. Here's how it works

… discount like 3 percent or one just a point or half point below whats currently available like 7 or 75 percent Either … kept the arrangement because they appreciated the monthly income Its good retirement income Barron adds likening it to … of deposit and savings accounts are giving 5 to 55 percent liquid interest it doesnt make sense for sellers …

By Jennifer White Karp |December 29, 2023 - 3:30PM
Fed's response to Fannie Mae ‘blacklist’: 'We have no record of it'

… Marcus at the law firm  Allcock Marcus  sent Freedom of Information Act requests to Fannie Mae and the FHFA asking … to release new guidelines that will require larger reserve line items for condo buildings Currently Fannie Mae … to set aside 10 percent of the annual operating budget for reserves Freddie Mac also accepts a  reserve study  in lieu …

By Jennifer White Karp |June 16, 2023 - 2:30PM
How does a debt-to-income ratio affect your mortgage rate?

… means you wont get access to loans with lower mortgage rates The better programs have thresholds with lower … … Impact of DTI on buying choices … In New York City coop boards have their own DTI requirements for buyers usually 22 to 24 percent Coops are usually stricter than banks when looking at DTI …

By Emily Myers |May 30, 2023 - 10:00AM