first time home buyer information: Fannie Mae Homepath Loans - 07/01/10 04:07 PM
Hello, Do you have FHA approved clients looking for condos that are not FHA approved properties? Do you have clients that are short on cash for closing costs? Do you have appraisal issues on some of your purchase deals? Do you have investors that only have 10% down payment or want to purchase more than 4 properties? I have a solution for you - I CAN FINANCE FANNIE MAE HOMEPATH PROPERTIES! (These are Fannie Mae foreclosures) The benefits are huge! Here's a few to mention...... * 4% commission to YOU! * 3% Down payment (can be funded by borrowers own funds,
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first time home buyer information: Tax Credit- How To Keep from Leaving $8,000 at the Closing Table - 06/10/09 09:08 PM
How To Keep from Leaving $8,000 at the Closing Table •1. Who is eligible to claim the tax credit? If you are a first-time home buyer purchasing a new home or a resale-you are eligible for the tax credit. The purchase must take place on or after January 1, 2009 and before December 1, 2009 to qualify for the tax credit. As it applies to the tax credit, the purchase date is the date when the home closes and the title to the property transfers to the home owner. •2. What is the definition of a first-time home buyer?The tax credit law defines
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