| A Homebuyers Service From CLHLLC |
FIRST TIME Home Buyerscontinued
WHO IS a first time buyer
Generally, a first time homebuyer is a person who meets one of these criteria. An individual who has had no ownership in a principal home during the past three years. This includes a spouse ( if either meets the above test, they are considered first-time home buyers). A single parent who has only owned with a former spouse while married. This means if you have owned in the past you can still be considered a first time home buyer.
SPECIAL FINANCING
There are many special programs (government and private) to help first time buyers obtain financing. Chris will help you check these out. These programs help you as a first time home buyerin several ways. They can permit you to pay lower interest rates than others, reducing the size of your monthly payment. They can allow you to make a smaller than normal down pay-ment, making it more possible for you to save the money you need. They can allow you to pay the mortgage over a longer period, reducing the size of the monthly payment.
CASH REQUIRED
To be honest, this is usually the largest road block to first time home buyers.The lender will work with you to make it possible to own your first home based on what money you have. The two kinds of cash you need are: the down payment and the closing cost. While the regular down payment for home buyers is ten or twenty percent of purchase price, special programs for first time buyers allow down payments for as little as three percent and even no money down. Closing cost are somewhat variable, but usually will cost several percent of the purchase price. It is possible in some cases to negotiate for the seller to pay closing costs.
GET ON THE PHONE & DIAL OUR FREE NUMBER. TALK TO CHRIS ABOUT STEPS OF HOME BUYING. GET STARTED ON A ROAD TO HOME OWNING
YOU CAN'T MISS WITH CHRIS Call him today! OK?
