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School Reports in Palmetto, Anna Maria Island, Bradenton and Sarasota, Florida
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Florida Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
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Real Estate Tips

First Time Buyers >More Down Payment Help

One of the most common deterrents to first-time home buyers is the lack of a down payment. However, the home loan industry has practically re-created itself in the last ten years, making it easier than ever to obtain a mortgage, and new mortgage programs are always cropping up.

Some states sponsor loan programs that allow buyers to purchase a home without putting any money down. A parent or other relative can guarantee repayment of ten percent of the loan if the buyer defaults. The only cash needed is for the closing costs, which typically run about three percent of the loan. Parents can also give their children down payment help through a personal note or second trust deed. The terms can be set up for monthly payments or annual payments amortized over a period of time. You could pay the interest only, and have the payoff due when the property is sold.

With so many alternatives, doesn't it make sense to call your real estate agent for a free consultation? You may be closer to home ownership than you think.

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Real Estate Trivia

Q 
What might happen to the Empire State Building in extreme weather?

A 
The Empire State Building can sway several feet to either side when buffeted by a severe windstorm or rainstorm.
See More Real Estate Trivia >


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TeamWorks, REALTOR®, real estate agent and broker for Palmetto, Anna Maria Island, Bradenton and Sarasota, Florida home listings, property and land for sale - NUMBER1EXPERT

TeamWorks
Keller Williams On the Water

908 Riverside Dr. #280 On The Water
Palmetto, FL 34221
941-779-5149
Fax: 941-729-7441
Contact@TeamWorksFLA.com

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