A money-saving tip 70% of homebuyers don’t know about
04/17/2015 | Author: Marty Kramer
How would you feel if you got home from the grocery store and found a $3 coupon on your kitchen table for the $8 bottle of olive oil you just bought? Frustrating, right? Now imagine your reaction if a similar thing happened after you bought a house.
No, you’re not going to find a coupon for your next home. But there are more than 2,200 homebuyer assistance programs in the U.S., many of which could save you thousands of dollars on your home purchase.
Assistance programs exist for first-time buyers, people who work in certain professions, buyers with modest incomes, veterans, people who purchase certain types of properties, and other circumstances. Many of these programs reduce the amount of your downpayment, lower your closing costs, or provide a lower interest rate than you could otherwise get.
Yet 70% of adults don’t even know these programs exist, according to a survey by NeighborWorks America.
If you were among that 70% before reading this, do something for your own good: Work with a Texas REALTOR® to identify programs that may save you a bunch of money.
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