2012 Housing Loan Subsidies (Associated Press)
in Banking, Insurance & Loans ·
shadowdrifter48 said:It likely varies by bank. While the maximum effective interest rate is set by law, whether they charge interest during the interim period or include things like appraisal fees depends on the specific institution.
I didn't have any in my case. 🤷
We've tracked down a house in one of those new developments—about 1,250 square feet, and it's priced at roughly $1,250 per square foot—so I'm wondering, is there any actual chance the government might step in and subsidize an interest rate reduction for a loan like this?