CHAPTER 9 Products for Home Bu or Home Buyers
Alright, you’ve survived the crash course on home loans and now you’re all set with your loan pre-approval and working with a Loan Originator who makes you feel comfortable (hopefully after taking my advice from the previous chapter). By now, you’re practically a pro in the mysterious world of mortgages. But wait—before you stride into your dream home, there’s another layer of intel you need: the treasure trove of programs, grants, and tax benefits available to help home buyers. Now, I’m not a Loan Originator, but as someone who’s helped countless buyers navigate this wild ride, I know a thing or two about what’s out there. And trust me, so should you. Because why leave free money or tax perks on the table when you don’t have to? Grants for First-Time Home Buyers Grants can act like the fairy godmothers of home buying. They sprinkle a little financial magic into your journey without asking for anything in return—no paybacks, no catches (well, almost). These are often targeted to first-time buyers or areas in need of revitalization. While they won’t buy you a mansion, they can cover essential costs like down payments or closing fees, which makes them worth every second you spend researching them. • The Basics of Grants: Unlike loans, grants don’t need to be repaid in most instances. Many are funded federally through HUD or locally through city and state initiatives. These programs are especially useful for first-time buyers
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