Real Estate News

Real Estate News

The Mortgage Professor: Questions about down payment requirements

Most consumers need to borrow some of the money needed to purchase a home, but lenders will seldom provide it all. Usually, they require that borrowers provide some of the money out of their own resources. This is called the "down payment requirement." The questions about down payments shown below have all been posed to me by prospective house purchasers.

Real Estate News

Taylor Schulte: Buy or rent a home?

Do you fork over cash to a landlord in exchange for freedom of responsibility for residential maintenance, or take out a mortgage and shell out monthly for the pride - and the eventual financial payoff - of homeownership?

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