Sunday, March 05, 2006

First Time Home Buyer? No Money Down?

Looking to buy your first piece of real estate? I know how difficult it is to save enough for a down payment, however there are programs available with no money down. They really are not that difficult either. You can even have the closing costs financed. You must qualify first of course. Your income must show your ability to pay the amount you want to borrow and your credit must be good.

A house to pricey? Start with a condo, then move up....just get started.

Afraid you can't pay the mortgage? Get a room mate. You may not need one for long and it will help you get started....just get started. Real Estate is one of the best investments you can make.

You will also need to find a real estate broker who will help you get started. Prior to finding you a home the real estate agent will direct you to lenders they know who offer such programs. The lender will qualify you to the amount and program you are eligible for. Then begin your search for your new home.

A knowledgeable real estate agent who is willing to work with you is key.....don't give up!

Questions? E-mail me at pattyradford@realtor.com
Looking on Cape Cod, Massachusetts? go to www.capecodrelo.com