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Dreaming of
owning your first home? Tired of shoveling out rent for a home or
apartment that doesn't feel like yours? Take heart, changing from
renter to homeowner may be easier than you think.
When
you buy your first home, making monthly payments probably won't be a
problem. After all, you're already paying rent to your landlord each
month. It's coming up with the lump sum needed for a down payment
that may seem impossible. Fortunately, there are options to make
buying your first home a happy reality.
Programs for first-time buyers
There are several local or federal government programs that help
first-time buyers get into the housing market. Ask your real estate
agent about these options.
Your lender
Your bank or credit union may help as well. Are you debt free and
own something free and clear, like a car? Your lender may lend you
the down payment by securing it against this asset.
Private contracts
Look for a seller to help you buy and finance your home. Some
sellers are willing to carry the contract themselves and will waive
the down payment. You may only have to pay the monthly mortgage
installments. Your agent will likely know of sellers willing to work
with first-time buyers.
Don’t
hesitate to call or e-mail me with any of your real estate
questions. I would love to help you find and purchase your first
home.
James
Paradise, Broker-Realtor: 509-525-1828 or
paradise@bmi.net
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www.wallawallamls.com
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