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Are you still writing checks to your landlord to keep a roof over your head. Why not use that money to accumulate home equity? If you are still renting because you think you can’t afford to get into your own home, you should investigate today's real estate market. In Sierra Vista Arizona the real estate market is good and you can own a home for about what you would pay in rent for the same home.
Interest rates are very low right now, which means that you get more home for your money. Qualifying for a loan is very easy and lenders will compete for your business. The McNabs will help you find lenders and evaluate which one is best for you. If you couldn’t qualify to buy a home a few years ago, you may want to give it a try now.
There are government programs and mortgage packages which require small down payments or no down payments. A VA loan allows for no down payment and the seller can pay all the buyers costs meaning nothing out of pocket for the buyer. A FHA loan allows for a down payment of as little as 3% and the seller can pay all the buyers costs as well.
Here in Sierra Vista Arizona there is a program that will give you 5% to 10% to be used for down payment or closing costs. This is a loan that has 0% interest and need to be paid back in part depending on how long you live in the home. Call The McNabs to see if you quality, you might be surprised as how many people do qualify.
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