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Real Estate Tips
First Time Buyers >More Down Payment Help

One of the most common deterrents to first-time home buyers is the lack of a down payment. However, the home loan industry has practically re-created itself in the last ten years, making it easier than ever to obtain a mortgage, and new mortgage programs are always cropping up.

Some states sponsor loan programs that allow buyers to purchase a home without putting any money down. A parent or other relative can guarantee repayment of ten percent of the loan if the buyer defaults. The only cash needed is for the closing costs, which typically run about three percent of the loan. Parents can also give their children down payment help through a personal note or second trust deed. The terms can be set up for monthly payments or annual payments amortized over a period of time. You could pay the interest only, and have the payoff due when the property is sold.

With so many alternatives, doesn't it make sense to call your real estate agent for a free consultation? You may be closer to home ownership than you think.

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Real Estate Trivia
Q 
What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?

A 
The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street.
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Lisa Murray GRI, ABR, CRS REALTOR, REALTOR®, real estate agent and broker for Fountain Hills, Scottsdale and Phoenix, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Lisa Murray - ABR, GRI, CRS
RE/MAX Sun Properties

16704 E. Ave. of the Fountains, #101
Fountain Hills, AZ 85268
Phone: 602-400-0250
Fax: 480-718-8291
Toll Free: 888-311-4833
Email: Lisa@ISellFountainHillsAZ.com

I am a full time residential real estate specialist. I work with both buyers and sellers in Fountain Hills and surrounding communities. My goal is to provide you with the highst quality service that will "Exceed Your Expectations".







Jake & Elwood!

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