September 6, 2006 by keith.

Althought mortgage lending has moved from requiring a 20% deposit to zero down mortgages, you will still need a fair bit of cash on hand at your closing. Depending on your state, there will be flood certification fees, title insurance (biggest rippoff ever) and legal fees.

Be prepared and be certain. And ask any prospective loan officer or broker how much cash you will need.

Sometimes you will be able to have the seller give back part of your purchase price to help cover closing costs. This is simply a bit of a gimmick as it is an increase over the agreed sales price that merely comes back to the buyer. There are limits to the amount that can be so financed.

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September 6, 2006 by keith.

I was observing site stats for my various web pages and besides me, the big visitor happen to be bots. And I noticed that the Yahoo bot came more often than the google bot.

I take this small piece of evidence to mean that Yahoo is seriously investing to build up its search capabilities.

However, the clencher for the above statement is that doing a google search for mortgage think tank no longer brings up this site. Yahoo, does bring up this site and my other .net site.

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