Homeownership Investors Help With Downpayments
SAN FRANCISCO – Dec. 9, 2016 – A buying program called "homeownership investors" can help buyers purchase a larger home than they could otherwise afford or, in some cases, help a buyer qualify for a home he or she could not afford otherwise.
On the front end, the process simply gives homebuyers money towards a downpayment – money that doesn't have to be paid back either though monthly payments or even interest as long as the buyer lives in the home. The extra money can help a buyer upgrade to a bigger property or pay less per month on the mortgage since the total loan amount will be less.
However, homeownership investors consider the money exactly that – their money invested for potential return. In exchange for loaning the money, they expect to be paid back at the time the buyer eventually sells the home, and they also expect a percentage of any equity increase in the property.
While the program may help buyers upfront, long-term owners, upon sale, will find that they have less money toward retirement or other life goals after they pay back the initial loan and the percent of equity they agreed on.
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Mediterranean Style Residences in the Heart of Coral Gables.
WASHINGTON – Dec. 9, 2016 – The U.S. Department of Housing and Urban Development (HUD) unveiled the Community Assessment Reporting Tool (CART) – a reference and mapping tool created to answer the question: "How is HUD investing in my community?"
CART uses geospatial technology to show the variety of HUD investments by city, state, county, metropolitan area or congressional district. It also provides an interactive mapping interface that allows users to explore HUD investments within their community and see property- and grant-level detail.
"In today's 21st century global economy where information is needed almost immediately, HUD is committed to making our resources more accessible and easier to find," says HUD Secretary Julián Castro.
HUD launches new community investment tool
Central Michigan and Tulsa kick off Dec. 19 in the
2016 Miami Beach Bowl!
MIAMI – The University of Tulsa and Central Michigan University will close their 2016 seasons in the third Miami Beach Bowl. The game kicks off on Monday, Dec. 19 at 2:30 p.m. ET, at Marlins Park and will be televised live on ESPN and available on the WatchESPN app.
The mission of the Miami Beach Bowl is to create lasting and strategic partnerships with the community of Miami and Miami Beach to create a bowl experience that positively showcases the Miami community nationally and internationally, while ensuring the student-athletes, fans, and guests have an exceptional experience.