first time homebuyers: Assistance for First Time Homebuyers
- 11/26/08 06:51 AM
If you are deciding to purchase your first home, seek advice from your Realtor, mortgage broker or lender on available state and federal assistance programs available to you. The Housing and Economic Recovery Act created a new $7,500 tax credit incentive for first-time home buyers. First-time buyers purchasing their homes between April 9, 2008 and July 1, 2009 can qualify. A multitude of programs and services are available to first-time buyers through the New Jersey Housing and Mortgage Finance Agency. A home mortgage incentive called Live Where You Work provides low interest mortgage loans to buyers purchasing in the … (2 comments)
first time homebuyers: First Time Buyers, More Down Payment Help
- 11/18/08 11:11 AM
One of the most common deterrents to first-time home buyers is the lack of a down payment. However, the home loan industry has practically re-created itself in the last ten years, making it easier than ever to obtain a mortgage, and new mortgage programs are always cropping up. Some states sponsor loan programs that allow buyers to purchase a home without putting any money down. A parent or other relative can guarantee repayment of ten percent of the loan if the buyer defaults. The only cash needed is for the closing costs, which typically run about three percent of the … (0 comments)
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