Buy a Home - Save on FHA Mortgage, Tax Credit, Cash Rebate
Buying a home may not cost as much as you thought. Here's a couple of ways you could save money when you buy a home:
1. An FHA mortgage only requires a 3.5% down payment, and seller concessions are allowed up to 6% with an FHA mortgage, which means you can negotiate with the seller to pay your closing costs.
2. Buy a home by the end of April 2010 and you could get a tax credit if you qualify under the new program.
3. In addition to an FHA mortgage and getting a tax credit, you could also save money by using a real estate agent who will rebate part of their commission to you. The seller usually pays around 3% commission to a buyer's agent, which you can negotiate as to how much to receive as a rebate before you buy a home.
FHA Mortgage
1. An FHA mortgage only requires a 3.5% down payment, and seller concessions are allowed up to 6% with an FHA mortgage, which means you can negotiate with the seller to pay your closing costs.
2. Buy a home by the end of April 2010 and you could get a tax credit if you qualify under the new program.
3. In addition to an FHA mortgage and getting a tax credit, you could also save money by using a real estate agent who will rebate part of their commission to you. The seller usually pays around 3% commission to a buyer's agent, which you can negotiate as to how much to receive as a rebate before you buy a home.
FHA Mortgage
posted by CRHOME.com at
9:55 PM
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