BUSINESS DIGEST: The News in Brief
North Bay Business Journal - conventional financing. The program offers companies and their employees home-buying workshops, low-cost lending services and the opportunity for companies to provide “community-assisted shared-appreciation” loans, a type of silent second mortgage

Few buy with 20% down payment
Allentown Morning Call - Now, 100 percent financing often using a ”piggyback” first mortgage of 80 percent or 90 percent of the home value combined with a second mortgage or credit line for 20 percent or 10 percent is commonplace. So are 5 percent and 10 percent down

Your Bay Area home as profit center
San Francisco Gate - What the new report does not show is how much equity homeowners have extracted from their houses prior to sale, either by taking out a second mortgage or doing a cash-out refinancing. Cagan says economists and others are also interested in the

Dog’s life can cost an arm and a hind leg
USA Today - But it was a schoolteacher who took out a second mortgage on her house!” (The pet eventually died, as all pets do.) Pet insurance, which covers some medical costs, can run from about $30 to $45 a month, depending on what area you live in. People most

InterRent Real Estate Investment Trust Announces Acquisition of 333
CCNMatthews - date, is being financed by a conventional, five year first mortgage, payable as to interest only at an interest rate of approximately 5.05%, with a 65% loan to value ratio, and a $1.0 million, five year, no interest, vendor take back second mortgage

Hundreds of Road Home closings expected today
New Orleans Times-Picayune - Fresh off closing 510 Road Home grants in a single day - more than in any previous month - Road Home officials said Tuesday that the rebuilding grant program expects to meet the state’s goal of getting grants to 2,300 homeowners by the end of