The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
When Saving Up For A Big Down Payment Does Not Make Sense
By Scott Sheldon
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April 16, 2015
Saving up to buy a home down the road? That might make sense from a personal financial planning perspective, but from a pragmatic approach to actually getting your foot in the door you may want to reconsider your position. What to consider… In most cases your ability to save is going to be at a…
Read MoreHow Much Are Closing Costs Going To Be On A Home Purchase?
By Scott Sheldon
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December 24, 2014
This can change based on the purchase price of the homefor example if you’re looking at a house in Sonoma County, and the purchase price is $500,000 you can assume $10,000 for closing costs plus the down payment. When you buy a house down payment is always independent of the closing costs. In other words…
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