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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 
Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?

A 
The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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Paragon Property Group, REALTOR®, real estate agent and broker for Austin, Lake Travis, Horseshoe Bay, Marble Falls and Lake LBJ, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Sue Ellett
Coldwell Banker United, Realtors

Marble Falls, TX 78654
Lakeway, Texas, 78734
Cell: 512-422-7182
Main: 866-693-7741
Fax: 214-445-0764
sueellett@NUMBER1EXPERT.com

As a Real Estate Broker, being a true partner to my clients in achieving a common goal ~ whether than is Buying or Selling Property, is of the utmost importance. All of the agents on the Paragon Property Group Team share this goal and a commitment to treat all parties fairly, honestly & with the greatest respect. We are here to help, to be your trusted resource for the Austin/Highland Lakes areas in the Central Texas Hill Country, and to achieve your goals with the best possible results, and in the least amount of time. We look forward to working with you!

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