Though it is true that different mortgage lenders and different loan products have varying requirements for loan approval, including differing limits on how much money you can get from outside sources, you can still get help in buying your home...and it can be as easy as asking Mom and Dad.
A recent article on REALTOR® Magazine Online, "How to Help the Kids Buy First Home," highlighted three ways that parents can help their children buy a home in that time-honored tradition of getting them out of the house!
Another great way to find out about ways your parents or other family members can help you purchase your first home is to talk to a reputable lender. There are many options out there for gift money, as well as downpayment assistance and many types of loans that you may not even know exist!
Just click here to read the article - and see if this is an option for you!
Friday, July 11, 2008
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