by kramoltz@hotmail.com | Apr 28, 2021 | Home Buying
A significant amount of first time buyers are prevented from buying a home because they don’t have an enough money for a down payment. According to Nerdwallet, that percentage is 38%. Another survey says 44% of people can’t buy a new home due to insufficient cash to...
by kramoltz@hotmail.com | Oct 11, 2019 | Home Buying, Mortgages + Lending, Uncategorized
Coming up with a down payment can be difficult for young home buyers and those with high student-loan debt. But many mortgage programs allow parents to help fund their children’s down payment. There are of course hoops to jump through to assure the lender that the...
by kramoltz@hotmail.com | May 7, 2019 | Home Buying, Mortgages + Lending
There is free money available for certain Arizona home buyers! Millions of dollars are allocated to down-payment assistance to qualifying homebuyers who intend to occupy the home. The AzHFA Home Plus program provides a down payment assistance grant equal to a...
by kramoltz@hotmail.com | Nov 8, 2017 | Home Buying
Saving up enough money for a down payment can be tough. The best way is to segregate funds dedicated to that purpose on a regular basis through a separate account – like a savings account. Then try these methods: 1. Set up automatic transfers from your checking...
by kramoltz@hotmail.com | Feb 6, 2017 | Home Buying, Mortgages + Lending
In part 1, I showed how lack of awareness of low-down-payment mortgage options can discourage potential buyers from trying to purchase a home. Historically only 5% of the purchase price is enough. And one way to get there is a government sponsored down payment...
