FIRST TIME HOME BUYERS INFORMATION
Property Brokerage
For Sale / For Rent
International Realty
For Sale / For Rent
International Realty
FIRST TIME HOME BUYER
A first-time buyer (FTB) is a term used for a potential house buyer who has not previously owned a property.
There are many factors a first-time buyer will need to consider before purchasing their first property, such as how
much they will be able to borrow, how much they can afford to pay each month, how much initial cash they will need
for stamp duty, solicitors fees and a deposit, which sort of mortgage they should use and how they should repay it.
Click here to be connected to an Agent
A first-time buyer (FTB) is a term used for a potential house buyer who has not previously owned a property.
There are many factors a first-time buyer will need to consider before purchasing their first property, such as how
much they will be able to borrow, how much they can afford to pay each month, how much initial cash they will need
for stamp duty, solicitors fees and a deposit, which sort of mortgage they should use and how they should repay it.
Click here to be connected to an Agent
| Contact us Today 954.251.0324 |
Copyright © 2005-2010 SOBTEC REALTY, INC.
Kevin Berman
Licensed Florida Real Estate Broker
P: (954) 251.0324
F: (954).251.0321
info@sobtec.net
8550 W. State Road 84, Davie, Florida, 33324
Kevin Berman
Licensed Florida Real Estate Broker
P: (954) 251.0324
F: (954).251.0321
info@sobtec.net
8550 W. State Road 84, Davie, Florida, 33324
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FHA Loan
An FHA insured loan is a Federal Housing
Administration mortgage insurance backed
mortgage loan which are provided by
FHA-approved lenders. FHA insured loans are
a type of federal assistance and have
historically allowed lower income Americans to
borrow money for the purchase of a home that
they would not otherwise be able to afford. To
obtain mortgage insurance from the Federal
Housing Administration, a mortgage insurance
premium (MIP) equal to a percentage of the
loan amount at closing is required, and is
normally financed by the lender and paid to
FHA on the borrower's behalf. Depending on
the loan-to-value ratio, there may be a monthly
premium as well.
An FHA insured loan is a Federal Housing
Administration mortgage insurance backed
mortgage loan which are provided by
FHA-approved lenders. FHA insured loans are
a type of federal assistance and have
historically allowed lower income Americans to
borrow money for the purchase of a home that
they would not otherwise be able to afford. To
obtain mortgage insurance from the Federal
Housing Administration, a mortgage insurance
premium (MIP) equal to a percentage of the
loan amount at closing is required, and is
normally financed by the lender and paid to
FHA on the borrower's behalf. Depending on
the loan-to-value ratio, there may be a monthly
premium as well.
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