Nolo's Essential Guide to Buying Your First Home
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In our eReader you can find the full English version of the book. Read Nolo's Essential Guide to Buying Your First Home Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Nolo's Essential Guide to Buying Your First Home
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Still feeling hesitant? The following questions will help you decide whether private financing will work for part or all of your home financing:• How much money do you need? If it’s $5,000 or $10,000 to help with the down payment, that will probably be a lot easier to come by than $50,000 or $100,000.• How long do you need to borrow the money for? Some private lenders may be fine with a ten- or 20-year repayment period (and for tax reasons, may actually prefer a longer term). But if your relat...ive or friend wants the money completely repaid in a few years, make sure such an arrangement is financially feasible for you.• Do you have any other options? Is your credit so bad that no bank will approve the loan (or you’ll only qualify at really unfavorable terms)?• Does a close relative or friend have the money to lend for the amount and term you need? If your parents are well-off but are going to need money soon for retirement or to pay your brother’s college tuition, they may not be in a position to help.• What are the personal costs to you?
What to read after Nolo's Essential Guide to Buying Your First Home?
You can find similar books in the "Read Also" column, or choose other free books by Stewart Maria L. to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Still feeling hesitant? The following questions will help you decide whether private financing will work for part or all of your home financing:• How much money do you need? If it’s $5,000 or $10,000 to help with the down payment, that will probably be a lot easier to come by than $50,000 or $100,000.• How long do you need to borrow the money for? Some private lenders may be fine with a ten- or 20-year repayment period (and for tax reasons, may actually prefer a longer term). But if your relat...ive or friend wants the money completely repaid in a few years, make sure such an arrangement is financially feasible for you.• Do you have any other options? Is your credit so bad that no bank will approve the loan (or you’ll only qualify at really unfavorable terms)?• Does a close relative or friend have the money to lend for the amount and term you need? If your parents are well-off but are going to need money soon for retirement or to pay your brother’s college tuition, they may not be in a position to help.• What are the personal costs to you?
What to read after Nolo's Essential Guide to Buying Your First Home?
You can find similar books in the "Read Also" column, or choose other free books by Stewart Maria L. to read onlineMoreLess
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