Posts Tagged ‘Sale’

Centennial Homes For Sale Tidbits: The Metro Mortgage Assistance Program

by familymwr

Centennial Homes For Sale Tidbits: The Metro Mortgage Assistance Program

Article by Jasmine Hill

Finally, you chose to live and buy a Centennial real estate by establishing a home price range and a brief list of eligible neighborhoods. You also analyzed your capability to make mortgage payments after identifying what your preferences are and whether having a home will justify those needs.

It is clear though that we are still coping with the effects of economic crisis. As a result, we are still looking for ways to cut off home buying costs. This is probably the reason why the Metro Mayors Caucus came up with program called the Mortgage Assistance Funds for First-Time Homebuyers. This article will explain more about the program and show you how to avail its benefits.

As mentioned a while ago, the Metro Mortgage Assistance Program is a program driven by the City and County of Denver and the Metro Mayors Caucus that provides a stable and customary mortgages for first-time home buyers in many parts of the Denver metro area, including Centennial. Other areas that can avail the program include: Arvada, Aurora, Bennett, Brighton, Broomfield, Dacono, Edgewater, Erie, Federal Heights, Frederick, Golden, Greenwood Village, Lafayette, Littleton, Lone Tree, Longmont, Louisville, Northglenn, Sheridan, Superior, and Westminster. This program is addressed for low and moderate-income households, and loans will be made on a first-come, first served basis.

The program offers a 6.59% 30-year fixed rate mortgage with loans either FHA insured, VA guaranteed, RHS (Rural Housing Service), Fannie Mae and Freddie Mac eligible conventional), along with a grant for down-payment and closing-cost assistance equal to 4% of the original loan amount. These funds need not to be repaid.

This program aids first-time homebuyers achieve a low 30-year fixed rate mortgage that accommodates them with a constant mortgage payment, maintaining security to borrowers from increasing interest rates and payments. The down payment assistance is a non-repayable grant that assists in giving buyers a head start toward building equity in their home. Meanwhile, a 1.00% start up fee payable by the borrower or seller plus customary closing costs is required during closing.

To be able to avail the Metro Mortgage Assistance program, your annual family income should not go beyond ,700 for families of one or two persons and ,455 for families of three or more. The highest home cost under the program is 5,175. Qualified prospective home buyers should not owned a home in the last three years, except in specified targeted areas which will be discussed below. Higher income and purchase price limits are also available.

Buyers should reside at the home as their principal residence and the program may only be used to purchase a home, therefore no refinancing. Mortgages are available for the following types of homes: Single family detached houses, condominiums, town homes, duplexes older than five years, Planned Unit Developments (PUDs) and manufactured homes.

Meanwhile, the first-time home buyer requirement is waived if a home is bought in one of the Target Areas. Target Areas are neighborhoods that were once underserved in mortgage loan origination and typically contain a high percentage of low-income households.

Qualified Veterans are cleared from the first-time home buyer requirement. Standard loan guidelines apply (i.e., adequate income, acceptable credit, and down payment requirement).

If you want to contact a collaborating mortgage lender and get more information regarding the program, you may visit the Metro Mayors Caucus’ official website.

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Short Sale Scholars Help You Avoid Foreclosure

by cogdogblog

Short Sale Scholars Help You Avoid Foreclosure

Foreclosure  is not a happy situation for any home owner who faces this and this has increased in this economic crisis. There are ways to avoid Foreclosure  and Short Sales  is the best option which can be avoided with the assistance and guidance of Short Sale  Agents. Short Sales agents will guide you the way to list your property in Flat Fee Listing  as Short Sale  and there are hundreds of Short Sales  buyers who look around to invest in Short Sale  properties. To get out of Foreclosure  situation this is the only best option left with many of the home owners.

Short Sale  agents help owners with Flat Fee Listing and get the maximum exposure of their Short Sale listing. If you look around in this economic crisis period cases of Foreclosure  have risen and this is a worrisome situation for many. Foreclosure  is not something property owners would like to face in their lifetime. The current economic scenario has compelled many of them to skip the mortgage installments resulting in the lenders to send them Foreclosure  notice. This is a very embarrassing situation for a reputed and honest person and they need the ways put to come out of this situation. So who are the ones and in what way one can avoid Foreclosure.

Everyone these days is aware of Flat Fee Listing, if we briefly define, Flat Fee Listing  is a MLS database wherein owners looking to sell their property can list their property to get the best market price without taking much time and paying thousands in commission. For Foreclosure properties Flat Fee Listing can be a boon with added advantage of Short Sale agents. They charge small upfront fees to list the property as Short Sales  which can be around 9. All they need to provide is the details about the property and some images. Investors and buyers looking to invest in Short Sales  properties will definitely look around for your property and you can get the best price and this avoiding Foreclosure.

Short Sale agents will always try to get your property the best attention from Short Sales  investors and you get a good price. Flat Fee Listing  do get your property a good price which let you pay the balance mortgage sum to lenders and avoid the embarrassing situation of Foreclosure. When your property is sold you might be left with enough amount of money to lease a new home or even get a new home on mortgage. Many a times the situation develops when lenders send a Foreclosure  with short period to think of next step to avoid Foreclosure. In these circumstances agents try to make lenders understand the benefits of Short Sales  and this will also benefit them as well.

When you list your property as Short Sale  in Flat Fee Listing  you are sure to get queries from Short Sales  investors very soon. There are many agents and people who look to invest in properties which they understand they can get for much lesser price than other properties. Listing the property as Short Sale  in Flat Fee Listing  is a win-win situation for both, who is looking to avoid Foreclosure  and the other one who is looking to invest in Short Sales  properties.

Nobody ever wants to face the Foreclosure  and Short Sale  is the best option to go with. To make this happen and guide the best way forward visit http://www.shortsalescholars.com and http://www.flatfeelistingnow.com

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