Important differences separate condos and co-ops - 2004-02-14
Dear Steve:
What is the difference between a condo and co-op and which is a better purchase?
-- Tyette

Dear Tyette:
There are many subtle differences, but here are the big ones upfront.

In some co-ops, you must show monthly earnings of four times your monthly obligations, including mortgage, maintenance, other loans, credit card debt, alimony or child support. You may also be subject to a more thorough background check.
Read the full story at Bankrate.com

Hispanic home ownership on the rise - 2004-02-14
Record-low interest rates over the past couple of years have assisted many people to become homeowners for the first time. Hispanics, in particular, have taken advantage of rock-bottom mortgage rates.

According to the U.S. Census, between 1995 and 2000, the number of Hispanic home buyers in the U.S. grew by 31 percent — more than any other minority group.
Read the full story at Skagit Valley Herald Online