|
All agents are NOT alike! Find out why I am a top real estate expert. Call me at 508.294.0281.
|

Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
|

"You made the process too easy and hassle free" "Most service providers barely meet expectation but you definitely beat all of our expectations." Sorie Kaba Read Quote > View All Quotes >
|
Compare
three mortgages at one time. Download TripleCalc now. It's
free.
|
Robert Chestnut
is one of The Top Selling Real Estate Experts Find Out More > |
|
|
|
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
|
 |
| Q |
What area in the United States has the highest per capita income?
|
| A |
The New York/New Jersey/Long Island area has a per capita income of over $750,000, according to the most current available U.S. census data. |
See More Real Estate Trivia > |
|

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|