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Investing Versus Buying a Home
This is something of a semantics game, where you could argue the
meaning of a certain word one way or the other. But in technical terms,
buying a home and investing in a home are much the same thing.
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Transferring money after preapproval. What to do?
It's probably not a big deal, as long as you still have the money as
some from of an asset (in a checking account, for example), even if
it's no longer in a CD. Here are some more things to consider...... |
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How is the loan money distributed?
When you buy an existing home from a seller, you will obtain a mortgage loan to pay for it (in most cases anyway). Part of this money will pay off the homeowner's existing mortgage (what they still owe on the home)... ... |
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