Oct 4, 2010 | BUYER'S ADVICE
The biggest upfront cost in purchasing a home is the down payment. Traditional lenders typically expect borrowers to put at least 20% of a loans total amount down. If a borrower is unable to do that, they are required to purchase Private Mortgage Insurance (PMI),...
Nov 16, 2009 | MIAMI REAL ESTATE, SELLER'S ADVICE
There are many questions surrounding the deed-in-lieu of foreclosure, so here are some answers. A deed-in-lieu of means that the borrower conveys all interest to the lender in order to satisfy the loan that’s in default and avoid foreclosure. This process is...
