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407-301-0312 Resident Team
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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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"Mark was very helpful and went out of his way" "Mark was very helpful and went out of his way to help me" "Billy Joe Henry" Read Quote > View All Quotes >
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Resident Team Realty, LLC is one of The Top Selling Real Estate Experts Find Out More > |
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Butler Mortgage From residential to commercial, Butler Mortgage has all your finance needs. Find Out More >
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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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| Q |
From 1974 to 1996, what was the world's tallest habitable building?
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| A |
The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high. |
See More Real Estate Trivia > |
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Mark Horan Resident Team Realty LLC 1813 West Virginia Dr. Kissimmee, FL. 34744 Phone: 407-301-0312 Fax: 407-426-1101 Email: markhoran@NUMBER1EXPERT.com
The Resident Team welcomes anyone looking to buy or sell their home. We use all the latest technology to search, market and get the results that you desire. You will be kept up to date all along the way. We are a partner you can trust. Don't just listen to us, read the testimonials of our past clients on our web-site, they are our true voice.
Buying or selling a home can be the most stressful activity that a person can experience. It doesn't have to be that way! The Resident Team will strive to make it exciting and enjoyable!
Contact The Resident Team today for your Professional Real Estate experience. We specialize in Bank Owned Foreclosures. 
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