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Want to Buy a Home with Zero Down?
If you are looking to buy a new
home but think you either don’t have the money saved up to afford a down
payment or you don’t want to liquidate all your current assets, there is a way
around this dilemma. This report will
inform you of ways you can purchase a home with no money up front.
If you find yourself caught in the
endless cycle of paying your landlord’s mortgage, why not take the time to
examine what it would be like to build your own equity in a home and stop
paying rent? The general perception of
many potential homebuyers is that a substantial down payment is required in
order to get you into a new home. It
doesn’t have to be this way. Because of
this notion, many people believe they must save for years and years before they
can qualify for a home loan. In the
meantime, these people are paying for the real estate owned by someone else.
The Federal Housing Administration
(FHA), or the Veterans Administration (VA) and many other government programs
or grant programs are available for homebuyers with zero or little down.
Hundreds of thousands homebuyers are realizing their dream of home ownership
every year, and you can too.
A good real estate agent can tell
you about existing lender and government programs that can get you into a new
home with no money down. With a zero
down payment program, you can begin to move into a home immediately and build
your own equity. Qualifying for these
zero down payment programs can be much easier than you think.
First, you need an excellent credit
history. You should have no recent
history of bad debts, and be able to prove that you can make consistent and
timely payments on any current liabilities.
You will be required to disclose all of your current liabilities in
order to determine how much more mortgage you can qualify for. Liabilities will include such things as car
payments and credit card debts. If those
are paid off, the better loan you can get.
You must have at least three years of
stable employment. This is either proof
of employment for the past three years or financial statements for the same
time if you are self-employed.
You will also need to be able to
demonstrate that you can afford the taxes, insurance, and utilities that come
up front on your home purchase. This
will vary depending on the amount of your home purchase.
Under the terms of a zero down
payment program, there will be several types of homes that you can get
into. These properties include
single-family homes, townhouses or condominiums. It is important to note that not all homes
will qualify for the zero down payment program.
An experienced and knowledgeable REALTOR will know what properties in
your area can qualify under these programs and can assist you in finding the
home that is right for you.
Buying a home with no money down can
be an easy process. Consider the benefits of getting into a home that is
yours and building equity every month, instead of renting and not having
anything to show for it in the end.
Plus, the interest you pay on your loan is a tax deduction. The appreciation in value of real
estate is the basis of more wealth in this country than any other. Investment example: a $400,000 home that
appreciates 10% is $40,000 equity in just one year, $44,000 in the second year
and so on.
Choose your agent wisely. Working with a full-time
professional real estate agent is a must. Ask questions of your agent. Find out how knowledgeable he or she is about
houses currently for sale in your price range and also of houses that have
recently sold. Can your agent recommend
a good lender that has the reputation of excellent customer service and low
rates? Does your agent ask questions of
you to have a full understanding of what you are looking for to help you get
the most home for the money?
Thank you for requesting a copy of
this “FREE REPORT”
For prompt, courteous, professional
service, call Jan Wilson:
Have questions, need advice you can
count on or just want to discuss this further?
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counsel, advice and service possible for your real estate needs. If I may ever be of assistance to you, a
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