Suffolk County Down Payment Assistance Guidelines & Application
Down Payment Assistance Click here to go to the Suffolk County Home Consortium Page
Buying
What is a downpayment and how is it applied in a real estate transaction?
Downpayment: Your total downpayment consists of what you would put down at “contract” and what you would bring to the closing table. So if you were going to put down a total of 5% on a $500,000 home, you would have $25,000 total downpayment that would be divided into: Monies down on contract signing … Continued
Mortgage Rate Projections 2017-2018
Mortgage Rate Projections for 2017-2018 According to Fannie Mae, the MBA and the National Association of Realtors, Interest rates are projected to rise: Waiting to buy your home could cost you!!! Check out the chart below and see what the difference in your monthly payment would be if the interest rates and home prices … Continued