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Brown Deer : Real Estate Advice

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  • Home Buying3
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Activity 3
Mon Jun 1, 2015
answered:
It depends on the source(s) of the credit. If it comes from the seller the purchase contract may restrict how it is used. Lender credits for rate locks should be used before the seller credits. I advise the selling Realtors I work with on how to word the purchase contract so the buyer can reach the maximum benefit from the structure. Worded properly they could pay for many things not usually thought of in addition to regular closing cost, like FHA Up Front Mortgage Insurance for example.

Credits can be used to pay for home owner insurance, tax escrows, single premium PMI, etc. It just depends on how they are received and what the agreement was on the front end.

The type of loan you use and the amount of down payment can influence the amount of credit received from the seller.

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
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Sun Jul 29, 2012
Sonya Mays answered:
Loretta, please visit city-data.com for statistics on population, income, crime, home prices, rents. etc. for various communities in Wisconsin. For specific information regarding the Village of Brown Deer, visit http://www.browndeerwi.org/ or for stats visit http://www.city-data.com/city/Brown-Deer-Wisconsin.html. For information about local crime or specific block activity in Brown Deer, feel free to contact the Brown Deer police department at 414-371-2900, hope this helps. ... more
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Mon Jul 2, 2012
Debby Thompson answered:
Best place to find that information out is to contact the local police department.
Brown Deer police department number is 414-371-2900
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