You Helped Me Buy My Dream Home
Helping a first time home buyer in Connecticut realize their dream of owning a home gives one a very warm feeling. It is not only the efforts expended on both parts, but the emotions the home buyer experiences while going through the process.
What made this purchase more challenging for the buyer was the fact that the home was an REO foreclosure with some issues that made it a perfect choice for an FHA 203K Loan. To the buyer's advantage, the issues were minor, yet still totaled almost $5,000 which would be well beyond the resources of a first time buyer.
The advantage and benefit of this re-hab mortgage for this First Time Home buyer was not only was money available for the repairs that they did not have as reserves, but the extra money borrowed was included in the main mortgage at the same interest rate for the term of the loan.
This buyer was related to someone that I had helped previously and was ecstatic to be a home owner. Dreams can come through for home buyer.
Another First Time Home Buyer Helped in Meriden CT