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Handling high closing costs

Handling high closing costs

Closing costs can increase the price of a home by as much as $10,000, sometimes more.  Borrowers who are “cash-poor” can ask for assistance, or talk to their lender about a lender credit toward closing costs. Making sense of the story Some lenders advertise that...
Foreign buyers scooping up U.S. homes

Foreign buyers scooping up U.S. homes

By Les Christie NEW YORK (CNNMoney) — Hey, wealthy foreigners! Want to live in the U.S.? Buy a home here. International purchases of American homes are ramping up, and a new Senate bill designed to boost the ailing real-estate market would encourage...