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Unformatted text preview: borrower could be allowed access to the money. Specific examples of fixed rates would be short-term loans and the interest determined by the terms of the loan. The loan could be determined from length of the loan, amount, and available payments. Risk of buying a home would be from previous owners and also new fees and taxes that come with the homes. The recommendation would e to have a decent amount of money saved for a couple of months for the mortgage just in case the bank does try to place fees from previous owners onto the house. Benefits would be; the research has proven how to buy a home and how long of a loan should it be....
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- Winter '10