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"It was really a pleasure to have worked with you!
"Thanks to you too for keeping us up to date always and tactfully advised what to do when you got the offers to sell the house. You were always patient and kind. Your mission has been completed. It was pleasant and easy going with your cheerful disposition, and we never gave up hoping to find a buyer. From us, and our sons, many thanks!"
--Dr. Rogelio & Tsaja, Manchester, NH
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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 |
What is the highest altitude hotel in the world?
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| A |
The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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