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Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Omaha, Bellevue and Papillion, Nebraska NUMBER1EXPERT(S) Top Selling real estate agent(s). Contact Bobbi's Omaha Houses Team today!
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About Bobbi's Omaha Houses Team - Information about Bobbi's Omaha Houses Team including testimonials, guarantees, credentials, and contact information. Learn about NUMBER1EXPERT(S) Top Selling real estate agent(s) like Bobbi's Omaha Houses Team in the Omaha, Bellevue and Papillion, Nebraska area.
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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Where would you go if you wished to stay in the world's most expensive hotel room?
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The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night. |
See More Real Estate Trivia > |
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Bobbi's Omaha Houses Team Prudential Ambassador Real Estate 13340 California Street Omaha, Nebraska 68154 Direct: 402-496-7499 Office: 402-493-4663 Toll Free: 800-376-3799 Fax: 402-498-2672 Bobbi@OmahaHouses.com
If you are considering relocating, buying or selling real estate in the Omaha metropolitan area and the surrounding suburban areas of: Bellevue, Blair, Elkhorn, Ft. Calhoun, Gretna, and Papillion, you've come to the right place -- Bobbi and her Real Estate Team.
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