Posted on: 08th Sep, 2009 09:40 am
ARE THERE SPECIAL MORTGAGES FOR FIRST-TIME HOMEBUYERS?
yes
There are some special mortgages for 1st time home buyers.
Now a days lenders are providing some affordable offers to mortgage options which are helping first-time homebuyers. But in past there was adverse situation for the first time home owners in case of mortgage. There were many difficulties for mortgage in past for 1st time home owners.
Now in present condition lenders are helping new borrowers in following respects-
1) borrowers who don't have a lot of money saved for the down payment and closing costs.
2) borrowers have no or a poor credit history.
3) borrowers have quite a bit of long-term debt.
4) borrowers have experienced income irregularities.
In above all respect lenders are helping borrowers. The situation is drastically improved as compared to past.
Now a days lenders are providing some affordable offers to mortgage options which are helping first-time homebuyers. But in past there was adverse situation for the first time home owners in case of mortgage. There were many difficulties for mortgage in past for 1st time home owners.
Now in present condition lenders are helping new borrowers in following respects-
1) borrowers who don't have a lot of money saved for the down payment and closing costs.
2) borrowers have no or a poor credit history.
3) borrowers have quite a bit of long-term debt.
4) borrowers have experienced income irregularities.
In above all respect lenders are helping borrowers. The situation is drastically improved as compared to past.
please tell us which lenders are helping for those who have quite a bit of long-term debt; those who have experienced income irregularities; who have no or a poor credit history.
those would be some of the riskiest conditions under which people would contemplate purchasing as first-time homebuyers. i find it not just hard to believe, but barely possible that lenders will fall all over themselves to offer hands up in those situations.
those would be some of the riskiest conditions under which people would contemplate purchasing as first-time homebuyers. i find it not just hard to believe, but barely possible that lenders will fall all over themselves to offer hands up in those situations.