first time home buyer – owner loan

Heather Dunlop asked: Many first time home buyers are not sure where to get started. They are ready to buy their first home and want to make sure they don’t make any mistakes.  So where do you go first? There are three people that will be important to the first time home buyer.  These people can [...]

Anubha Shyam asked: There are so many things that you have to take into consideration while buying your first home; from location, neighborhood, nearby amenities to price, construction plan and available space. Without proper planning and knowledge of some crucial home-buying facts, you would end up buying something that is highly priced and also no [...]

Jeff Ragan asked: You hear that being a first time home buyer is a good idea. But you’re wondering how can that be? Here you are deciding to go deep in debt!!! Isn’t this going against everything you’ve learned? Once you see the many first time home buyer benefits, then you’ll understand why everyone is [...]

jjoonthego asked: If I roll my cash balance pension benefit from a former employer in to an IRA, can I immidiately withdrawal $20,000 without paying the 10% penalty by using the $10,000 first time home buyer exception for both myself and my wife? I am 38 and the money would be used to purchase [...]

Chuck asked: We are dealing with a “new” realtor, with not much experience. This person is a close friend who wants to help us buy our first home. Does the buying process really entail all that much from the buyers realtor? What services should I expect, so I know I’m not making [...]

Sonia asked: Are you out for the first time hunting for a house? Finding a home is more complicated than it appears to first-time home buyers. There are a lot of things to be considered. Purchasing a home for the first time is a huge  financial step for anyone. In this time of  financial crisis, be true  to yourself. Your [...]

Steve Hattan asked: First time home buyer assistance programs such as the AmeriDream and Nehemiah were extremely popular over the last several years.  They were popular because the down payment provided to the buyer was considered a gift that didn’t have to be paid back and it covered the entire down payment amount.Unfortunately, for whatever [...]

Jon asked: My grandmother lives in a Co-op in New York and I help her pay the maintenance, I used to live with her for several years until 2 years ago. Both of our names are on the co-op contract as share holder as well as on the Mortgage Interest Statement, Form 1098. I never [...]