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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 02, 1997
Page
3
Builders' bids ranged from 24900 to 36750 for the same plans due to differing scope items allowances and materials, overhead efficiency, location, and who performs work. Compare proposals item by item, review budgets, contact past clients, and consider interviewing and re bidding to select a compatible builder.
Senior citizens age 62 or 65 with substantial home equity can receive monthly payments from lenders instead of making mortgage payments. The loan is repaid when the borrower moves or dies, and plans vary from 10 years to lifetime with options for lump sums. Major lenders include FHA, Fannie Mae, Transamerica and Household, with Texas largely prohibiting them.
A detailed critique of the 1997 home buying guide by Dian Hymer. The book is praised for practical tips, real-life examples, and clear guidance on working with agents, mortgage preapproval, closing costs, and negotiation from a seasoned real estate professional. The reviewer rates it exceptionally high.
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