Real Estate Lawyer: Down Payment, Credit, Key to Mortgage Rate

Thursday, 28 Aug 2014 04:39 PM

By Bill Hoffmann

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Saving enough money for a down payment on a home or apartment is one of the most important financial decisions a person can make, real estate lawyer Shari Olefson says.

"Saving the down payment is the number one thing, and of course, really getting your credit score to look stellar," Olefson said Thursday on "The Steve Malzberg Show" on Newsmax TV.

"Those are the things that are going to get you the best rates."

Note: Watch Newsmax TV now on DIRECTV Ch. 349 and DISH Ch. 223
Get Newsmax TV on your cable system – Click Here Now

Olefson — director of The Carnegie Group and author of "Financial Fresh Start: Your Five-Step Plan for Adapting and Prospering in the New Economy" and "Foreclosure Nation: Mortgaging the American Dream" — said prices of real estate transactions are rising.

"The closing costs to buy a home are up 6 percent now and even owning a home, we know taxes and insurance and all those other fees associated with home ownership are very high," she said.

Related Stories:


 

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Erik Paulsen: Obamacare About to Hit Every American

Friday, 19 Dec 2014 18:41 PM

Minnesota Rep. Erik Paulsen says that every American is about to feel the effects of Obamacare when tax season hits in 2 . . .

FALN Victim's Son: Return 2 Cop Killers Living in Cuba to US

Friday, 19 Dec 2014 17:45 PM

Two cop killers brazenly living in Cuba must be returned to the United States now that new diplomatic relations have bee . . .

Gordon Chang: NKorea Didn't Act Alone in Cyberattack

Friday, 19 Dec 2014 16:58 PM

North Korea did not act alone in its devastating cyberattack on Sony Pictures, as President Barack Obama asserted on Fri . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved