First Time Home Buyer Tax Credit Loan Program with Low Interest Rate FHA Mortgage and Low Down Payment. Government Assistance to purchase Lender Foreclosed Homes. Go To RealEstateMarketingThisWeek.com Part 4 (Excerpt) FHA financing why you should work with a broker 4% appreciation over the last 17 years You mentioned earlier that property values are up 71% long term, even though we had this 50% drop. Youre talking about the average 4% appreciation per year since 1992. Right, I did some calculations I was working on a book last year and one of these days I may get around to publishing it. Its called Real Estates Future and what we were looking at was a statistical model to be able to pick the top and the bottom of all the real estate markets. I hadnt looked at the thing for about a year until I was working with Michael the other day and I started pulling it out and going lets run the model and see where we are in regards to the market, and one of the things I looked at is the last time we saw the bottom of the market was when I was selling houses for the RTC and that was in 1992, the median home price was 000. Median home price now is 0000. That means from 1992 until now it went up 71%, thats after we just saw a 50% decline. So it is up 4% per year on average, and where else are you going to get a return like that? Even if you put 3.5% down on a house you are getting a heck of a lot more than a 4% return. If you look at the internal rate of return it is significantly …

Click here for Part 1: www.youtube.com As the founder of Bello Mortgage, let my 11 years of experience and hundreds of resources find the best mortgage for you. The Canadian First Time Home Buyer video gives new home buyers the basics on what they should be expecting when they look to buy and finance their new home. This 2 part video looks at: -Application Process -Difference between Pre-approval and Approval -Different types of mortgages -Downpayment -Financing availability -Closing costs Click on the website for more. Free Legals, Appraisals & Bonus Offer if you state you found Bello Mortgage through YouTube. For more information or to receive our Free Newsletters, visit: www.mortgagespecialist.ca or call 604.303.9000 and talk to Pedro.

Click here for Part 2: www.youtube.com As the founder of Bello Mortgage, let my 11 years of experience and hundreds of resources find the best mortgage for you. The Canadian First Time Home Buyer video gives new home buyers the basics on what they should be expecting when they look to buy and finance their new home. This 2 part video looks at: -Application Process -Difference between Pre-approval and Approval -Different types of mortgages -Downpayment -Financing availability -Closing costs Click on the website for more. Free Legals, Appraisals & Bonus Offer if you state you found Bello Mortgage through YouTube. For more information or to receive our Free Newsletters, visit: www.mortgagespecialist.ca or call 604.303.9000 and talk to Pedro.

First Time Home Buyer Tax Credit Assistance and Federal Government Home Loan Program with Low Down Payment on FHA Mortgages. Buy Bank Foreclosed Homes at a Discount. Go To RealEstateMarketingThisWeek.com Part 2 (Excerpt) The median income family can afford twice the median priced home; prices drop over 50% And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of great things in the mortgage industry. He left us about a year and a half ago, is that right Dan? Yes, I left the mortgage industry in October of 2007. Tell us a little bit more about yourself. As you know I came originally from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother selling real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the government entity that was put in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I moved into the mortgage industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the mortgage industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and mortgage companies, helping out companies, just like Im here helping out Michael today, to get people to realize that right now actually is a really good time to buy.

Any one seeking to buy a new home in 2009 or even 2010 is in a great position with respect to the housing market for first time home buyers. With drastically decreasing property values, intelligent new home buyers can obtain a much better deal on a new house than in the past.

But with home real estate prices at a low, potential home buyers run the possibility of getting carried away and failing to properly research their home buying decision. Those considering a home purchase should observe caution and take time to make an informed decision about purchasing the right home. Potential buyers can begin their search for that perfect new home by creating a plan that covers all of the necessary components of home ownership.

Examine your Finances

All potential buyers should take a good look at their financial situation before pursuing home ownership. While listed prices may be low, the monthly costs of home ownership can add up quickly.

Income, credit rating scores and recurring expenses should be taken into consideration when determining how much can actually be spent on a new home purchase. Using a professional lender is one of the best ways to get an accurate profile for home purchase.

Shop Around for Home Loans or a Mortgage

Most home buyers will require some type of loan to cover the purchase of a new home. Buyers should shop around for the best deal by contacting multiple lenders to compare interest rates.

The greater knowledge a buyer has with respect to the lending market, the better they will be able to negotiate for the best rates for a first time home buyer mortgage.

Search for the Right Home

Once a buyer has determined how much they can spend and has secured the necessary loans, it is time to shop for the right home. Any first time home buyer should list the various characteristics and amenities they would desire in their ideal home and location. Often, a home builder will offer features on their websites that allow home buyers to choose their ideal home.

Confirm your Deal

After all the terms have been agreed upon and the documents have been thoroughly understood, most home buyers are ready to close the deal and proceed to the closing process. But you should have already done your homework and prepared all the paperwork necessary to satisfy the lender.

If you do this properly and carefully, you will end up with the keys to your new home. To celebrate your new home ownership, you might want to consider throwing a party. Not only for other people such as family or friends, but for yourself so that you personally confirm that you could and did buy that new home.

Buying that First Home – Video

First Time Home Buyers

A first time home buyer mortgage helps people to purchase homes. There is hardly any person who does not want to own his own home. First time home buyer mortgage is a step to achieve your dream.

This Is Your Year, First Time Home Buyers

Find out if you have been stimulated by the First Time Home Buyer Tax Credit.

First time home buyers Take Note

There’s good news if your a first time home buyer! The president just signed the American Recovery and Reinvestment Act of 2009. This means that if your a first time home buyer and your income is less than $75000 [...]

Changes to the New First-Time Home Buyer Tax Credit

Since President Obama signed the stimulus bill officially called the “American Recovery and Reinvestment Act of 2009″, a lot of home buyers want to know how this affects their new home purchase this year.

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