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Articles tagged with: down payment

Business, News, Real Estate »

[8 Jun 2011 | 3 Comments | 3,310 views]
20 percent down?

With all the mortgage reform news flying around these days, it can be difficult to keep up with the latest developments.
There is, however, one issue of which consumers need to be very aware – a proposal from federal regulators mandating that private lenders require a 20 percent down payment on mortgages for all but the most credit worthy borrowers. Think about that for a minute – unless a consumer has an impeccable credit score, he or she could be looking at coming up with a lot of money to purchase …

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[3 Apr 2011 | 2 Comments | 2,650 views]
Week in Review — March 28-April 3

Yes, it was another week full of excitement here at First Arkansas News.
We’ve written about everything from the president of the National Lum and Abner Society to a drug-selling mailman in the past few days, so it’s time for a review.
Prior to getting into that, let’s go over a couple of other things. First of all, we should have a big announcement to make on Monday Tuesday that could shake up the way we do things around here (and improve them). Make sure to stop in for that.
Second, we sure …

Arts & Entertainment, Business, Events, News, Real Estate »

[28 Mar 2011 | 2 Comments | 1,897 views]
Dowpayment assistance classes scheduled by CCOA

A HUD-certified housing counselor from local nonprofit CCOA will lead each of three upcoming free home buyer education classes in Springdale.
The next workshop, which can qualify participants for down payment assistance of up to $10,000 through an Arkansas Development Finance Authority program, is Saturday, April 9. The course will be held at United Bank at 2790 S. Thompson in Springdale.
Registration is open at www.CCOAcares.com for the free courses, which feature segments taught by representatives from the insurance, mortgage and real estate industries.
Seating for the classes is limited, so please register …

Business, News, Real Estate »

[31 Oct 2010 | One Comment | 2,431 views]
Private mortgage insurance — what it is and how to avoid it

Once upon a time, lenders generally required home buyers to put down 20 percent of the purchase price of a home when taking out a mortgage.
Times have changed. While most banks generally do require a down payment of buyers, the once standard 20 percent isn’t so standard these days. However, there is still substantial appeal to putting 20 percent down on a home.
Not only will monthly house payments be less because the buyer putting 20 percent down isn’t financing as much, there’s another item to consider – private mortgage insurance …