Yet some worry that helping borrowers could actually exacerbate the housing market’s main problem: a dearth of new homes Reese Rademacher and her husband crowdfunded the down payment for their home in Cheyenne, Wyo.
Now their friends want to give it a try.
chris_rexrode So now people want other people to pay for their homes now.
chris_rexrode I thought that most banks would reject a mortgage application that showed that the applicants received gifts (which this would be) for the down payment? That was the stated practice for my last 3 homes.
chris_rexrode I need this for my security deposit on a rental. Seriously
chris_rexrode Interesting concept!
chris_rexrode You better include an enormous chunk of change in your budget for Taxes on the house after you buy it.
chris_rexrode If you can't afford a down payment, how are you going to afford the taxes, the roof repairs or the furnace that will go out on the closest of days.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jack Ma told Arianna Huffington to leave the business she founded — here's what happened nextIn 2016, Huffington stepped down as editor-in-chief of her online publication and launched Thrive Global, a media company and consultancy that helps corporations with their employees' overall wellbeing. Here what happens next
Source: CNBC - 🏆 12. / 72 Read more »
The easiest way to save for a down payment on a home, according to a personal finance expertHome prices continue to climb and it can be daunting to think about saving up for a place of your own. But personal finance coach Ramit Sethi says there's an easy way to make saving for a home painless. acorns Pro Tip..... I live in a tent. No down payment required. acorns Be paid more since the 70s to account for inflation and the appreciation of gdp driven by the American worker. MakeIt Don’t Sunday funday 🤷🏻♂️, I’m not a personal finance expert tho
Source: CNBC - 🏆 12. / 72 Read more »
eBay CEO steps down as the company considers selling off assetseBay said it has appointed Scott Schenkel, senior vice president and chief financial officer, as interim CEO. John Donahoe was so focused on communicating the vision to the team. Sure, there are plenty of things we all like to complain about.
Source: BusinessInsider - 🏆 729. / 51 Read more »