Have you heard of OPM? That is the key to wealth. Other People's Money. Why use yours when you can use others? When you buy a home with an FHA loan you are using OPM. You put down 3.5% and the lender puts down 96.5%. If the value of the property goes up you are making a giant return. For example if the home is $200,000 and you put down $7000 and the property increases to $207,000 after nine months you just made $7000 on your $7000, or double your initial investment. Can you do that in the stock market? Use a Realtor buy right and use other people's money.
Did you know you can buy a home with gift funds from a parent or friend and purchase a home? Using an FHA mortgage you can put as little as 3.5% of the purchase price down - in other words only $3500 down- and also take advantage of an $8000 Federal Tax Credit. Why wouldn't you buy?
Receive a gift, get a tax credit, own a home. It can be even better. Work with a Realtor and sign a buyer agency agreement and have the seller pay your closing costs and tax escrow set-up. We can show you how, We can refer you to three or more Realtors who can show you how. Call now. 414-224-4732 0r 414-416-9194. We can get you pre-approved. Or at least put you on a path toward pre-approval.
Visit www.wfhm.com/peter-cannon for a free Home Buyer Book
An Equal Opportunity lender
900 homes sold in August in Milwaukee County compared with 807 last August. The $8000 First Time Home Buyer Tax Credit is knocking first timers off the fence. Mortgage rates are as low as we have seen lately. Currently a 5/1 Arm is available at 3.875%.
Apr 3.99%
http://www.wisconsinmortgages1.com
1619 homes sold in July in the Greater Milwaukee Area which is an increase of nearly 10%. Waukesha County saw sales rocket 15.7% in July compared with last July. Depressed prices and the $8000 First Time Home Buyer Tax Credit are driving sales as well as favorable mortgage rates. Let's hope this trend continues.
How can you ever be bored living in the Greater Milwaukee Area? This weekend there is a two day air show at the lakefront (http://www.milwaukeeairshow.com) and German Fest is at the Summerfest grounds. Admission is free Thursday night. Saturday there is The Great Downer Avenue Bike Race in The Downer Avenue neighborhood on the fashionable east side. Nearby, the Brady Street Cheese Fest is happening in that hip neighborhood. And there is a Bradford Beach Jam and Reggae Fest happening.
Ask about my guaranteed purchase closing. Covering Wisconsin and most of the United States. We want to be your lender for life! 414-224-4732
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