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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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| Q |
Where can you find the world's largest residential palace?
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| A |
The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage. |
 See More Real Estate Trivia > |
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The Antonelli Team
Keller Williams Realty
11700 Plaza America Drive
Suite 150
Reston, VA 20190
Chris Antonelli Direct: 703-474-1011
Fax: 703-679-1701
Email: Chris@TheAteamVA.com
Vince Antonelli began his real estate career in 1988 with the goal of making real estate as easy and stress free as possible for his clients. Thanks to his hard work and dedication his business has grown steadily over the years and in early 2005 his son Christopher joined him to ensure that all of their clients received maximum attention and support.
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