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  • Why Buyers Choose The Cindy Wadsworth Team - Why homebuyers looking for a real estate agents in the Skippack, Harleysville and Montgomery County area choose The Cindy Wadsworth Team.

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Real Estate Tips
Buyers Remorse >First Time Loans

Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.

Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.

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Real Estate Trivia
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What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?

A 
With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US.
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The Cindy Wadsworth Team, REALTOR®, real estate agents and broker for Skippack, Harleysville and Montgomery County, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

The Cindy Wadsworth Team
Keller Williams Real Estate

910 Harvest Drive - Suite 100
Blue Bell, PA 19422
(Each Office Independently Owned & Operated)
Direct:: 215-264-6727
Office: 215-646-2900
Fax: 215-654-6037
cindywadsworth@NUMBER1EXPERT.com

Licensed PA Realtors

Cindy Wadsworth's License #RS179964L
Beth Topor's License #RS175423L
Harry Green's License #RS288663
Lynne Green's License #RS290351
Christina Brown's License #RS289762
Harold "Howie" Riley's License #RM4202787

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