Monday, October 13, 2008

Time's running out!

Listen up potential buyers! Have you been thinking about buying a home, but want to wait for this economy to turn? If you are planning on obtaining a loan to purchase your new home, you may want to get off the bench and in the game! If you are short on cash in your pocket, but can still afford the monthly mortgage, insurance, and tax obligations, an FHA loan may be perfect for you. But beware, your down payment minimum is changing as of January 1, 2009. Until then, you will only need 3% of the purchase price as a down payment toward your purchase. As of the beginning of next year, that will change to 3.5%. So on the purchase of a $150,000 house, your down payment would change from $4500 to $5250. It may not be much, but every little bit counts when making such a huge purchase. For more information, call or email me anytime.

Oh By the way... I'm never too busy for any of your referrals!

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