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[28 Mar 2011 | 2 Comments | 1,956 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 …

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[31 Oct 2010 | 2 Comments | 2,629 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 …