Listing Details: Springdale, Fayetteville and Rogers, Arkansas Real Estate Listings & Homes For Sale Provided by Greg Hughes

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These properties presented by Greg Hughes of Exit Realty Premier
Email: greghughes@NUMBER1EXPERT.com
Phone: 479-530-1727
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LOTS OF CHARM!

$69,900

Front View

Address: 137 Otis	City/ST: Gentry, AR	Zip Code: 72734
Property Type: Co-op	New or Resale: Resale	Square Footage: 1551
Bedrooms: 3	Bathrooms: 2	MLS# 582379

LOTS OF CHARM IN THIS HISTORIC HOME ON 2 BEAUTIFUL CITY LOTS.NEW METAL ROOF, UDATED KITCHEN,ANTIQUE LIGHT FIXTURES, 10 FT CEILINGS,SOME ORIGINAL HARDWOOD FLOORING,OLDER WORKSHOP OR STORAGE BUILDING.BEING SOLD AS IS.SHORT SELL

Last Updated: 8/13/2009 3:25:25 PM

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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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Q	What country of the world has the highest percentage of private housing?
A	Mongolia, where 100% of all properties are owner-occupied.
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Greg Hughes, REALTOR�, real estate agent and broker for Springdale, Fayetteville and Rogers, Arkansas home listings, property and land for sale

Greg Hughes
Exit Realty Premier
3880 Willowwood Suite A
Springdale, AR 72762
479-530-1727
Fax: 479-756-9835
greghughes@NUMBER1EXPERT.com

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