Government loans offer a wealth of opportunity for first-time home buyers. These loans are fairly easy to obtain and come in a variety of options. Choosing the loan that is right for you will depend primarily upon your financial capabilities and which loan qualifying standards you meet. The most popular government loans for individuals seeking home ownership are FHA, VA and USDA Rural Development Guaranteed Housing Loans. ...read more
A reverse mortgage is a way for senior citizens to earn monthly income against the value of their home that is paid off in full. If the applicant then wants to resolve the reverse mortgage, they will need to pay off the total amount of payments, or take out a traditional mortgage in order to stop the process. ...read more
We pay interest on real estate loans for the same reason we pay interest on other loans: because borrowing someone else's money is a convenience. And we pay interest on borrowed money because someone took a risk in lending it to us and allowing us to pay it back over time. To avoid this, you must build your savings. ...read more
Financing is hard to come by, when it comes to purchasing your first home. With the economy being hard hit these last few years, you wonder if you even stand a chance of purchasing your dream home. Here are a few things you will need to do to increase your chances of getting the financing you need. ...read more
By Amy032670 at Citysearch July 15, 2009
We recently worked with Jeff Schlender to buy our first home and he made the process so easy! We had talked to other loan officers in town and they all said we needed a down payment. Jeff told us about the USDA 0% down loan and explained everything in plain English. Plus we got a great rate and our mortgage payments are only slightly more than what we were paying in rent! Plus we get an $8000 tax credit from the government just for buying! Will recommend Jeff and Fairway to everybody I know! ...read more
By Susan K July 15, 2009
We worked with Jeff Schlender and he was FANTASTIC to work with. He's the only loan person we talked to in town that sounded like he knew what he was doing with USDA loans. Made the whole thing easy and we got into our first home with no money down! Plus we're getting an $8000 tax credit from the government! Highly recommend working with them!! ...read more
