If Your RENTING, You Need to BUY

We have seen a definite increase in activity these past months here in Georgia. If you are renting and sitting on the fence waiting for the right time to purchase your own home, don't wait much longer. You want to position yourself ahead of the curve when the market changes direction. If you wait to long you will fall behind. Take advantage of the different Mortgage packages being offered by various Mortgage Lenders and be sure to take advantage of the Down Payment Assistance program available until the end of September, 2008. Check out your options, talk to a Mortgage Lender and your REALTOR. This down turn in Real Estate is offering a great opportunity for new home owners. Get out there and talk to the RIGHT people and take advantage of the market. Don't look back at this opportunity and say "If I had only..."

Down Payment Assistance Program and FHA Update

If you are looking to take advantage of the Down Payment Assistance program when purchasing your home you must be under contract by Sept. 30, 2008.
Don't wait and miss out on using this valuable program. Consult with your REALTOR about the program and your options.

FHA minimum down payment will jump to 3.5%. You still have time for a lower down payment.
FHA loan limits will decrease, which means fewer people will be eligible to receive a jumbo loan at conventional loan rates.
The popular Down Payment Assistance programs will be eliminated on Oct. 1, 2008. To use DPA you must be under contract to purchase Real Estate by Sept. 30, 2008.
First-time home buyers may get a tax credit up to $7,500!