ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/09/2011
Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/07/2011 list has been posted.
These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes
are ripe for the picking. Don’t Let them pass you by. ACT NOW!!
I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.
Water, water everywhere , nor any drop to drink. This is The Rime of the Ancient
If you’re a first time home buyer, you might be able to sympathize with this
statement. Thanks to the recent economic recession, there is no shortage of
affordable homes, yet due to the mortgage crisis, lending has become tight.
Prior to 2007, putting no down payment on a home was a common option for first
time homebuyers. However, with mortgage lending practices coming under fire in
recent years, the option to finance 100 percent has lost popularity. In today’s
market, a typical down payment can range anywhere from 10 to 20 percent;
however, in this economy, few people have that much cash available to them.
Fortunately, there are ways to receive down payment help for first time home
buyers, either through a third party lender or private funding.
Where Can You Find Down Payment Help for First Time Home Buyers?
Junior Loans û One option for first time home buyers who need down payment
help is to apply for a Junior Loan. Many banks offer Junior Loans to help first
time buyers who would otherwise be unable to meet the down payment requirements
for purchasing a home. These loans are typically offered at the state level, are
under $50,000, and have fixed interest rates.
Gifts and Gift Registries û Instead of using a traditional bridal registry,
many couples who are also first time home buyers are opting to register for a
home down payment gift registry. This allows family and friends to donate funds
toward a down payment, helping newly married couples reach the goal of owning a
first home. To find out more about a home down payment gift bridal registry as
well as a graduation or birthday gift registry, check out myregistry.com or downpaymentdreams.com.