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Let's Help Your Kids Afford a Home in Utah 11 месяцев назад


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Let's Help Your Kids Afford a Home in Utah

Isn't it aggravating that with the price of real estate in Utah, your kids can't even afford to buy a home in the beautiful valley we live in? Home prices and interest rates might be high, but there are still a couple different strategies we can use to help them afford a mortgage payment on their first property. 1. The seller can provide a concession (or credit) to directly reduce the monthly payment on their mortgage by several hundred dollars. 2. Those seller credits can also be used to completely eliminate mortgage insurance if they are putting less than 20% down. 3. Rather than making a large down payment, it's might be better to use some of those funds to pay off any other debt, like a car or credit card payments. This reduces their total monthly expenses and makes a new mortgage payment a lot more affordable. Give me a call and let's walk through these options to help your kids afford their first home! If they are involved in buying real estate, they will be able to create wealth and invest in their future instead of losing money because of rising rents. We can help them get there! Scott Breen | Loan Officer | NMLS# 290475 NEO Home Loans is a registered DBA of Luminate Home Loans, Inc. NMLS#150953. Corporate Headquarters 2523 S. Wayzata Blvd. Suite 200, Minneapolis, MN 55405. This advertisement does not constitute a loan approval or loan commitment. Loan approval and / or loan commitment is subject to final underwriting review and approval. For licensing information, go to: www.nmlsconsumeraccess.org.

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