Saturday, December 16, 2017
 Buying  |  Selling  |  Financing  |  Relocating  |  Homeowning  |  First-Time Buyer 

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RE/MAX Best 2925 Hwy. 51, Suite B
Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

Office: (985)652-7653
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Are there any inside tips on down payments for first-time buyers?

Fortune Cookie Folks who are new to the home-shopping world need more than just good luck. You should, of course, save all you can for closing costs and a down payment. For further help:
  • Revisit your "wish list"

  • Reconsider what you're looking for in a first home. Find out what you can afford now, and consider buying a starter home that requires a small down payment with the idea of moving up in a few years.
  • Take advantage of special programs

  • Look into special low- and no-down payment programs like loans guaranteed by the Department of Veterans Affairs (VA) and Federal Housing Administration (FHA). Some areas also have local programs for low- and moderate-income families or first-time buyers, offering lower interest rates or down payments.
  • Gather gifts

  • Check with parents and relatives for monetary gifts that can go toward a down payment or closing costs. A 20% down payment can dramatically cut monthly costs and eliminate monthly mortgage insurance premiums.
  • Consider "sweat equity"

  • If you can fix up a home that's in poor condition, you increase the value of your investment faster. Ask us about special combination loans that provide fix-up funds as well as purchase money.
  • Scour the market for bargains

  • Call on us to research foreclosure properties, housing auctions and other homes available at below-market costs.
Want to know more? Click on "Ask Your Own Questions" or call or e-mail us today with questions of your own. We can tell you how much house you can afford, and we can help you get into your first home.
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FIRST TIME How To Buy The Most Home For Your Money
QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
 
 
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