Purchasing your first home is a big step, that comes with some very serious decisions. Many homebuyers are intimidated by the process, and continue renting much longer than they should, or need to. However, if you break the homebuying process down into these simple steps, and follow these important tips, you will find the process less intimidating, and much more manageable.This
week
I will share 7 tips to help you along the
way,
here is the third:  |
| 2)
You
Dont Need a Down Payment! It always surprises
me how many people want to purchase a home, but dont because they
believe that a hefty down payment is required. Zero down programs are
very common, and are quickly becoming the norm, rather than the
exception to the rule. Because your new home is collateral for the
loan, there are many banks that will jump at the chance to loan you
100% of its value. Perfect credit isnt a requirement, either. Because
real estate typically appreciates in value, its often easier to be
approved for a 100% mortgage than it is to borrow 100% for a car! By:Eric Bramlett |
Coldwell Banker Select Professionals, Lancaster PA - Mountville, PA
LancasterRelocation Specialist
Interesting! Are things mortgage wise getting better in Wayne? Here in Lancaster everything you siad is true, but only with above average credit scores.
Apr 03, 2011 10:15 AM
Long and Foster Real Estate - Wayne, PA
Realtor, Residential Real Estate Professional
All this may be changing shortly if Congress gets their way and raise the minimum down payment for FHA. Look for a new blog article soon to come with more information.
Apr 04, 2011 12:23 PM
Rainer
37,439
37,439
Laurie Matthias
Realtor, Residential Real Estate Professional
Real Estate Resources
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The Main Line is a historic and culture rich neighborhood that has something for everyone. The Main Line is a social hot spot with many excellent restaurants, coffee shops, bars and lounges. It is an awesome place to raise a family with some of the best school districts in the state. It is also a great place to retire with many community organizations and activities, golf clubs, gardening, etc. If you live nearby The Main Line or are interested in moving from out of state, then this is the place to be.
Give me a call and I would be happy to give you more information on anything relating to homes, area schools and local events and places of interest.
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