35% of Homebuyers Bid on a Home Before Seeing It in Person » Mortgage Masters Group

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A buyer purchases a home for $380,000 using a seller-financed straight loan. If he pays 50% down, makes montly payments on the balance at 11% interest, and pays an extra $19,000 towards the principal before the end of each year, how much does the seller receive during the first year? A. $229,900 B. $60,800 C. $250,800 D. $39,900

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Do the home buying rules (35% down payment) apply even if the non-resident is living in the purchased home as their primary residence. Example, diplomat stationed in Canada for five years? In this scenario the diplomat will have their government pay a majority of their monthly mortgage.

Most homeowners have that one thing about their home that they wish were different. For some, the home’s fatal flaw exists outside the four walls. Maybe the house backs up to a creek that floods whenever it rains, resulting in a squishy backyard and mosquitoes. Or perhaps the home is located on a busy street that generates too much traffic noise.

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35% of Homebuyers Bid on a Home Before Seeing it in Person RT March 1, 2018 0 1 1.2k Thirty-five percent of people who bought a home last year said they made an offer without first seeing the home in person, up from 33 percent in May 2017 and 19 percent in June 2016 .

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