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mortgage

6 Creative Ways to Afford a Home

Think you can't afford a home of your own? Read on to discover some creative ways to make it happen:

1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development, www.hud.gov.

2. Explore seller financing. In some cases, sellers may be willing to finance all or part of the purchase price of the home and let you repay them gradually, just as you would do with a mortgage.

Common First-Time Home Buyer Mistakes

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the homebuying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Don't let these common mistakes hurt your chances of getting the house you want! Contact us today to set up a meeting with one of our highly qualified agents who can guide you through the homebuying experience, step by step!

Seven Must-Dos for First-Time Homebuyers

Seven Must-Dos for First-Time Homebuyers - (MCT)—Buying your first home can be nerve-wracking. As a first-time homebuyer, you will navigate a process that might include uncertainty, excitement, confusion and frustration. But preparation and knowledge can help you stay on the right track. Here are seven steps that can improve your chances of having a good homebuying experience. Know Your Credit If […] [Daily Real Estate News]