purchase a home: Downpayment assistance program in DC
- 03/22/11 05:33 AM
Condo conversions are taking place all over DC, however these are geared toward low-to-moderate income households. These are modern condos with open floor plan and beautifully layed out units ready for new owners. A non-profit organization, with the support of the local governement, has created an opportunity to assist low - moderate income household with downpayment assistance. Their goal is to make housing permanently affordable by avoiding rising home prices through shared appreciation. Benefits of the program: Lowers monthly mortgage payments Reduces out-of-pocket expenses Eliminate private mortgage insurance fees Possibility of owning a home for similar cost of renting Predictable housing … (8 comments)
purchase a home: Short sale my house so I can purchase another home...
- 10/15/10 04:59 AM
"I need to short sale my home so I can buy that house" is what I'm hearing all too often from homeowners who are ready to dump what they have and move on to something else...not so fast. Strict lending laws makes this mission impossible. Short sale seems to be common practice these days to help homeowners get out of their current mortgage situation, however a successful short sale is no green light to shop for another home. A homeowner put a contract on a million dollar custom built home that is ready for delivery in February 2011. However, as millions of other homeowners across the country they have negative … (5 comments)
Condo conversions are taking place all over DC, however these are geared toward low-to-moderate income households. These are modern condos with open floor plan and beautifully layed out units ready for new owners. A non-profit organization, with the support of the local governement, has created an opportunity to assist low - moderate income household with downpayment assistance. Their goal is to make housing permanently affordable by avoiding rising home prices through shared appreciation.
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