This prevents any ambiguity. Sometimes the inspection company is licensed, but the individual that they send to perform the inspection is not. You should insist on an inspector that is a licensed contractor. These loans are amortized over 30 years, but are due in 5 or 7 years. Homes listed in the paper in the middle of the week often indicate a more anxious seller than homes listed only on the weekend.
Points are tax deductible by the buyer in the year of the sale.
The buyer can deduct even points paid by the seller. This shields the seller should problems arise after the buyer moves in. Make sure that the warranty covers pre-existing conditions, not just conditions that arise after the close of escrow. When purchasing in a new development, always ask residents who have already purchased if they are satisfied with the quality of construction and with the responsiveness of the builder to complaints. This list outlines the documents that the lender requires prior to approving the loan.