Get 50% off Your Home Purchase With The Good Neighbor Next Door Program

Are you a teacher, law enforcement officer, firefighter or emergency medical technician in Dallas or Fort Worth?  Are you looking to buy a house?  Want to save 50% on it? That's right, I said 50%. Well right now this is actually a possibility, due to the Department of Housing and Urban Development’s “Good Neighbor Next Door Program.” Long story short, the HUD is offering half off a home mortgage if you are in one of the previously mentioned fields and find a property that falls into one of the designated geographic areas authorized by Congress under provisions of the National Housing Act. Why would they do this?  Basically, HUD desires to make the communities of America stronger and safer, and improve the quality of life in distressed urban communities by encouraging Law Enforcement Officers, Teachers (pre-Kindergarten through 12th grade), Firefighters, and Emergency Responders (EMT) to purchase and live in homes in these communities. In return for the 50% discount, you must only prove once a year that you occupy the property as your primary residence.  You must do this for a total of 36 months.  In other words, as long as you live in ...

How to Sell Your House Without a Realtor

Selling your house without a realtor is an evolving trend these days.  Why?  Well, mostly this has to do with the whopping 6% real estate fee most real estate agents charge for listing and selling your house.  That’s right, I said 6%.  Take that 6%, add it to the already substantial closing costs or seller concessions you may be paying, and you’ve essentially lost a large chunk of change that you could otherwise be putting into the bank. So why don’t more people sell their house on their own?  Well, society and popular opinion will tell you that it’s a difficult, if not impossible process.  For example, a simple internet search of “selling your house without a realtor” will pull up such alarming claims as: “Without a knowledgeable Realtor to guide you through the process, you'll have to hone your knowledge of the housing market in your area, lending practices, loan availability and requirements for a home sale. You'll need to brush up your negotiation and people skills and clear time in your schedule to be available to show your house…” After reading such claims, it’s easy to think that you should just go ahead, ...

USDA Rural Development Loans Offer 100% Financing For Surrounding Areas of DFW

Over the past several years, the Government and the Mortgage Industry as a whole has continuously tightened the rules and regulations when it comes to buying a home.  It has gotten to the point where even people with stellar credit and a solid borrowing history still need a hefty down payment before they can purchase a new house. Fortunately though, there is a new program available from the United States Department of Agriculture that offers 100% financing for people that live (or are looking to live) in rural areas. Why would they do this?  Is it too good to be true?  Well, long story short, the government offers the option of “zero money down” so that people who live in rural areas (who may have always been renters) can finally have access to affordable mortgages. Consequently, this type of loan is often the best scenario for people who live in the country and want to find a place they can call home.  Another amazing feature of this loan is that 100% of repairs that ...