First Time Homebuyers

This is just a quick post for any first-time home buyers out there. There are favorable grant programs and lending policies for people looking for their first home. So below are three reasons for purchasing your first home:

1. You can get great rates and put as little as 3% down on a property. In this up and down economy, it is still nice to know that you can pay less on a mortgage than on rent. Or is the larger down payment what is keeping you from owning your first home? Well I'm hear to tell you that there are programs out there to help you with this very issue. In fact, SNAP has a program to help with up to $17,000 for down payment assistance to get you into your first home. For specifics, call Randy at 456-7106.

2. You can realize tax benefits such as depreciation on your home and you are able to write off mortgage interest paid for the entire year. This could be several hundred dollars a year depending on your payments.

3. Home prices are at an all-time low. I have seen houses selling for less than they sold for in 2001. You can get anywhere from a 5-25% discount just by shopping around. It never hurts to look so just let me know if you want me to set up a search for you.

If you are interested in the programs or want to hear more about this please feel free to contact me.