down payments: The Gift That Keeps Giving... - 12/23/21 06:55 AM
Most people say home ownership is one of the most important things to them only second to a child's birth, their partner, and marriage. In many cases, getting to the point of purchasing a home takes time and money, especially their first home. The ability to qualify for a loan to buy a home is the first step in the process.
First-time buyers sometimes find it challenging to save enough money to have what they need for a down payment and closing costs. There is good news for those who would like to help a loved one purchase a home if they … (3 comments)

down payments: Deposits - 12/16/21 09:01 AM
There can be two types of deposits in a real estate transaction. There is the earnest money deposit, and if the buyer needs financing to purchase the property, they could be required to make a down payment, depending on the loan type, which can also be called a deposit. Though they are both deposits, they are for two different purposes and will not necessarily be or need to be the same amount.
The purpose of the earnest money deposit is to bind the agreement. It is held in escrow by the listing agency or sellers attorney as security for the seller and … (1 comments)

down payments: The Gift - 12/06/20 11:43 AM
As we enter the Holiday Season, the season of giving, many of us are looking for ideas for gifts for our loved ones.  Why not give the gift that keeps on giving? The gift of homeownership, by providing hope and a goal of owning their first home.
Those who would like to own their first home may need help getting started, whether through support and guidance or financial assistance. Having the funds for a down payment and closing costs can seem like it is so far out of reach for some people.
If you have the means, this is where you can help. … (2 comments)