OLD LOANS FOR NEW BUYERS

Some Old Ways To Get New Buyers...

With  The Current Housing Market, Maybe We Should Look To The Past, For Our Future.

Some Old Programs That Are Still Doing GREAT!

#1 FHA LOAN: This loan is still the all time winner when it comes to buyers. With only 3 % down and seller concessions, homebuyers can get into a$300,000 home with only $9,000. and that money can be a gift.

#2 The Nehemiah Loan- Get a FHA approval, have the seller's OK and your home-buyer needs no money down!

http://www.fha-home-loans.com/nehemiah_fha_loans.htm

#3 Lender Paid Mortgage Insurance- Did you know that the mortgage company can pay the mortgage insurance for buyers with less than 20 % down?

#4 Mortgage Rate Buydown- One of the best ways to get that home sold-Have the SELLER pay the BUYERS points. For example if a seller was willing to pay 3 Points on a buyer's mortgage, It would take his rate from 6.00% to 5.375% On a $300,000. mortgage   that would save your buyer $120.00 a month or $43,200. over  the 30 year mortgage term. How hard would that be to sell? Next time you are asking your seller to LOWER his asking price, think about this. It may save the seller thousands of dollars!!

IF anyone would like to go over these programs, please feel free to call or e-mail me

Also: Please check out my Free Realtor Marketing Program

R E C A M P by Hobbs/Herder

Joe D'Agostino

Licensed Mortgage Banker

 Cell: 609-290-0897