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Michael Richter
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Loan Officer
Ted Lawler - Works with a strong company and an excellent team that stands behind him...he's ready to serve all of your mortgage needs
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Seller and Buyer
After much debate, we thought we agreed on what we wanted in a new home. Mike started showing us properties and it was quickly apparent that Chris and I couldn’t agree on anything. Thank you Mike, for putting up with our indecisiveness and helping us find the home of our dreams. He was our Realtor and therapist all at the same time.
Mary Molnar & Chris Fretz
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Financing Your Home >Buying Cooperatively
Today it is becoming quite common for friends to pool their resources to buy a larger home than either of them could afford alone. Some builders cater specifically to this group of buyers by offering homes with two "master suites" instead of the more typical room arrangement. If you are considering a joint purchase, you and your buying partner should outline clearly your agreements about your shares in the down payment, the monthly mortgage payments, and what you will do if one of you decides to move out.
Before committing to a property, sit down with a real estate professional to discuss your options. Should you take possession as joint tenants? Will you have a 50/50 interest in the property, or should the interest be adjusted to reflect each person's share of the down payment or the monthly mortgage payment? Your agreements with your buying partner should be clearly expressed in writing.
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| Q |
What is the most common street name in the US?
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| A |
Second Street ranks as the most common street name. First Street is not #1 because many "First" streets are called "Main" Street. |
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