All agents are NOT alike! Find out why we are top real estate experts. Call us: 260-469-1947.
Request Our Free Relocation Package! Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate! Find Out More > View All Offers >
Thank you again for the superb job you did... "Selling it in just 2 weeks speaks for itself!" Kevin & Stacy Geesaman Read Quote > View All Quotes >
Compare three mortgages
at one time. Download TripleCalc now. It's free.
Request Our Free Relocation Package!
Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate!
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
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.
The Stinson Team North Eastern Group Realty 10808 La Cabreah Lane, Suite 101 Fort Wayne, IN 46845 Tel: 260-469-1947 Fax: 260-818-2070 Email: thestinsonteam@NUMBER1EXPERT.com
Having been founded in 1986, The Stinson Team of Realtors, Judi, Phil, Brad & Lori Stinson and April West enjoy providing Real Estate services for our clients in the Fort Wayne metropolitan area. Our philosophy embodies conducting ourselves with the highest degree of professional integrity and quality of services for our clients. We are at the top of our marketplace, selling a home every 3 days, and have assisted more than
2000 families with their Real Estate needs. We embrace and are conversant with all facets of Real Estate, from first time home buyers to corporate & medical relocation. Across town or across the country put the Stinson Team to work for you. A family helping families.
www.StinsonTeam.com is brought to you by
The Stinson Team NUMBER1EXPERTS in real estate for
Fort Wayne, Auburn and Columbia City, Indiana, condos, luxury homes