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"Thank You"
"Please receive my kind regards which I extend to you with this letter.
With this correspondence, my wife Janie and I would like to thank you for the fine way that you handled our purchase of the home on Russett. As you are well aware, the contract has been funded and we are now in possession of this wonderful home.
It was a pleasure to have the opportunity to meet with you and I hope to have an opportunity to work with you again in the future, or maybe even to play golf.
If ever I can be of any help to you, then please do not hesitate to let me know.
As always, I am, sincerely yours"
"Steven F. Hotze, M.D."
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Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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| Q |
Where will you find the world's largest indoor waterfall?
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| A |
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
