Loans Are Easier Than You May Think

If you have paid attention to all the media reports regarding mortgages over the last few months, you may be assuming loans are nearly impossible to get-requiring tons of down payment money and the promise of your first born child in order to get home financing. While it is true that the requirements have gotten a bit more rigid, they are far from the daunting task they are made out to be and many of the changes are related to the condition of the house instead of the qualifications of the buyer.  Most lenders offer FHA loans, which require about 3.5% down plus closing costs as your out of pocket expense.  Some lenders offer USDA Rural Development loans-a great loan program that requires very little out of pocket money and are ideal for first time home buyers.  The helpful, experienced agents at RE/MAX Real Estate Team can help you structure sales agreements that sometimes allow you to buy a home for less out of pocket expense and lower payments than you may be paying for rent right now!!!  Don't be deterred by the negative press regarding mortgages.  They are readily available, reasonable to qualify for and sometimes require very low out of pocket investment.  Call one of our agents today and we can refer you to some of the lenders we work with every day!