Had to pass on this fantastic post from Steve Kappre of Gloucester County. If you are a First Time Homebuyer, make sure you know ALL your options! Speak with someone who can explore those options with you.
The successful purchase of your home doesn't just depend on a great Realtor-- it largely depends on your mortgage loan officer!
Making Your First Time Home Buying Experience Successful
Well the run has begun and the whirlwind of first time home buyersis picking up steam all across the country. Every buyer will want to know how understanding and using all of your first time home buyer options comes into play in their personal home buying goals.
BUYERS TAKE NOTE:
What many Realtors and lenders (and therefore buyers) don't understand is that the $8,000 first time home buyer tax credit is not the only first time home buyer incentive right now. Indeed in New Jersey we are looking at a handful of mortgage options including a $10,000 grant-assistance program, a 4% (of loan amount) grant-assistance program, a tax-prefund mortgage option which allows $5,000 of the $8,000 tax credit to be used for buying a home, and a zero-down (100%) financing option. And that is just in Gloucester County!
Why do I say that Realtors and lenders don't know about these options??
Because I talk to buyers (and Realtors) all the time that know little to nothing about such options. Buyers come to me because their agent or their current lender could not answer their questions about such program options.
BUYERS do not need to miss out!! Ask as many questions as possible! Work with a local agent and lender that know their FIRST TIME HOME BUYER STUFF!!!! Do not settle for a mediocre substitute!
Buyers can also check out: Understanding Seller Concessions | Seller Paid Closing Costs | Seller Contributions | Seller Assist
Steve Kappre is a mortgage loan officer in New Jersey. For more info or questions feel free to contact Steve.
- NJ First Time Home Buyer
- Purchase, refinance, rehab loans
- Conventional, FHA, USDA, VA, HMFA, First Time Home Buyer, Police and Fire, Live Where You Work, and more
Call direct @ 856-419-3561 | Subscribe to Steve's blog via e-mail
Part of business is staying educated. We are paid for what we know.
Michele I hope this helps your buyers. Just give a hollar if anyone has any questions :)
By the way, I stopped by your staging site and love the videos of before and after pictures. Great job on those :)
It's true Trevor! Our clients are relying on us!
Thanks Steve, I definitely will keep you in mind! Thanks for the great info! Glad you enjoyed the "befores and afters!" I love transforming houses! :-)