Tips For Today's Real Estate store #2 - Government Aid to Buy

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Looking to buy your first house? Well you could not have picked a best time. Due to the high rate of foreclosures and low interest rates, many people; investors, first time buyers, and others, are now looking at buying a new home. The flood of foreclosures has assisted in a lower asset value, and many sellers can not even get fair shop value for their home. With so many advantages, now is the right time to buy.

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The government has decided to step in and lend a hand for first time buyers. This is a great idea because one of the ways to rebuild the economy is to get the housing shop fixed again. The government for a short amount of time will allow either a tax exemption or assistance of the down payment on your loan for either 10% of the mortgage or ,000, whichever is cheaper. This is an superior deal because that could very well be the one thing retention habitancy back from buying a home. Banks have refocused what they need to give you a loan, now they want a good prestige score, established income, and a 20% down payment. Two out of three may get you the deal, but three out of three is your best chance. Well now with the government's assistance you are that much closer to getting your house.

So how about the prestige score, easily that could be the only thing out of your hands, or is it. If you have a poor score you may still get the loan standard but you will have to pay higher interest rates and finance charges. That's why you should look into a prestige mend company. prestige mend is a simple and affordable process that takes weeks rather than months or years to do. They can fix your score no matter what the cause for it being down.

By David George

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