Beth DeCarbo
speaker
144 appearances
3 recordings
1 series
first heard Aug 2019
last heard Sep 2021
Beth DeCarbo’s voice in public audio — every appearance, attributed to the second.
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Appearances
So an inspection can reveal things that may cost tens of thousands of dollars to repair.
It could be a faulty sewer line.
or an ancient mechanical system, or a crumbling foundation.
So having that inspection ahead of time tells you what the problems are and also may affect your offer price.
You know, bring it down to cover some of those costs.
That's right.
Let me make a distinction, however.
When you're applying for federal student aid, they don't ask about home equity.
And most schools, hundreds of schools, use the free application for federal student aid.
Home equity comes into play
when filling out the College Scholarship Service Profile, it's also called the CSS Profile, and that involves about 200 private, mostly private institutions, the very elite institutions.
They'll require the CSS Profile for aid, and that asks you about home equity.
It's not new on the CSS profile.
However, because home values have gone up so much in recent years, people's home values exceed far what they paid for them.
So it skews what parents are able to afford to pay for school.
Let's say we're looking at a school like Harvard.
Actually, Harvard won't look at home equity at all, which is a growing trend.
Stanford also just last year announced they're not looking at it.
However, a school like Boston College...
looks at 100% of your home equity.
Showing 41–60 of 144 · page 3 of 8
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