Friday, June 29, 2007

Financing Tips


One of the biggest hurdles that the average person faces when purchasing a home is how to finance such a large amount of money. Buying something for hundreds of thousands of dollars just seems unfathomable at first to most people. And, it makes the new iPhone look cheap! So, besides standard mortgages (or those dangerous sub-prime loans), what is the home buyer to do?

Well, there are many sound, creative solutions, and one of my favorites is the MMAP program.

MMAP stands for Monthly Mortgage Assistance Program, and it can help reduce your payments from $250 to $1000 per month for up to two years. And, all it requires is a simple agreement between the buyer and the seller.

Basically, the seller agrees to set aside an agreed-upon amount of the purchase price into a trust account (via the MMAP grant program), which is then used to reduce the buyer's monthly mortgage payments anywhere from $250 to $1000 per month for up to 24 months.

Even better, it is reliable and astoundingly simple to arrange. For more information, visit the MMAP website or just ask me. I've had special training to certify me to represent buyers and sellers in the MMAP program.
Have a great weekend!

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