By the time she put down 10%, paid her closing costs and established her escrow account she was coming up short on cash.Irene needed sound advice on how to best "structure" the contract and keep her cash reserves.

Solution: By applying the "Smart Money Mortgage", Ashford advised Irene's realtor to negotiate a seller contribution to closing costs of 3% of the purchase price of the house. The negotiated "seller contribution" was used to not only cover all of Irene's closing costs, but also to buy down the interest rate on her 30 year fixed mortgage. By financing her closing costs Irene's mortgage payment only increased by $45 per month! Given the "time value of money", in the first five years of the mortgage Irene will have saved over $3800 of her hard saved "cash".

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