Home Seller’s Guide to Mortgage Types

A bonanza of multiple offers means many home sellers can choose whichever buyer’s bid they like best. The temptation to grab the highest price and call it a deal is naturally strong. But price isn’t the only factor that sellers should consider. Financing affects sellers, too — because if something goes wrong with the mortgage, the sale might not close. From the seller’s perspective, here are pros and cons of four types of homebuyer...

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Two-Tiered Mortgage System Means Higher Costs for Some

Even as the housing and mortgage markets are stabilizing, many borrowers with good credit remain shut out of the home loan market or saddled with a new array of fees and extra costs. Lending standards may have loosened since the end of the Great Recession six years ago, but mostly for buyers with excellent credit scores of more than 700, analysts say. Borrowers with minor credit dings, or down payments of less than 20 percent, still...

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