Can You Really Afford Not To Buy A Home?Take A Look At The Facts.
Your future financial stability depends on your buying a home! Leading experts confirm that owning your home is the biggest investment you will ever make.
Why
pay off someone else’s loan by renting? I can help you determine
what you will need to do to become eligible to own your home.
Dear Potential Homebuyer,
I
have been helping first-time homebuyers for almost 30 years. If
you are just now starting at square one, then I urge you to take action
now. You may be eligible for the $8000 tax incentive!
The deadline of November 30, 2009, has ended, but the good news is: congress extended the law
until April 30, 2010, (to sign a contract), to close by May 30, 2010. Besides the first-time homebuyer,
anyone who has not owned a home in the past 3 yrs is eligible (may have lost a home through a divorce)
Existing
homeowners who want to move up also receive an incentive. If
someone has owned their home for over 5 years, and wants to move up to
a bigger or different home, they become eligible for a tax incentive of
up to $6500.
You don’t need a lot of money to buy a home. There are
still 2 loan types that do not require a down payment, VA and
USDA. In addition to no down payment, the sellers are allowed to
pay all or most of the buyer’s closing cost. After those types, the
next-best for the least cash would be FHA. The minimum investment
into the transaction is 3.5% of the purchase price, and the sellers are
allowed to pay up to 6% of the buyers closing cost. This means on a
$100,000 purchase you need at least $3500 total to close.
Thank you,
Cheryl
P.S. Cheryl Explains is a weekly newsletter. Click on the link HERE
to sign up.
Each week, I will be discussing a different aspect of the mortgage process.
If
you need to ask a question, Please contact me. No question is too
small and I may have an article that will cover your concerns.
“My husband and I have used Cheryl Whitehead for almost 15 years for all our home loan needs.
She
handled our purchase and several refinances over the years. We wouldn’t
dream of calling anyone else! She has the knowledge and expertise to
select the best loan for us, as well as being a super person!”
-Cynthia A.
7739 East Brainerd Road Chattanooga, TN 37421 423-892-4718 www.GiveFreedomARing.com
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