For loan wide variety greater than $3MM (otherwise $2MM to possess financing features), people need certainly to see post-closing house conditions in order to be considered

Whenever debating ranging from renting compared to. to order, you should think about your existence and cash. If you find yourself renting offer much more self-reliance, owning a home allows you to create equity regarding the assets and might give taxation positives.

The fresh new annual percentage rate (APR) ‘s the cost of borrowing over the identity of one’s financing expressed because the an annual speed. (more…)