Stop Renting

Stop Paying Rent: Free Real Estate Reports for Bozeman, Belgrade, Big Sky, Livingston, Manhattan, Three Forks, Montana Real Estate and Home Buyers. 

Learn about the $8000 First-Time Home Buyer Tax Credit - American Recovery and Investment Act of 2009

Tired of paying rent for a Bozeman apartment or Bozeman house that doesn’t feel like home?

Dreaming of your own Montana home but short on money for your Bozeman home's down payment You’re not alone. For many Bozeman renters, buying that first home seems like an impossible task. They feel trapped in the Bozeman rentals scene. Fortunately, you can break free. Armed with professional Bozeman real estate information from taunya Fagan, you can make owning your own Bozeman home a reality.

Buying your first home is an important hurdle, especially just gathering up the money for the down payment. This Bozeman real estate report features professional tips and facts that should help you in the Bozeman home-buying process. Learn about new Bozeman home financing options. Look at your assets in a new way. This information may solve your Bozeman, Montana home financing dilemmas.

Explore options for a low down payment on your new home because you already know you can make monthly house payments (you presently pay your rent don't uou?), but where will you get the down payment for your Bozeman home? How can you possibly save enough money when you’re using your money to pay Bozeman rent each month?

Fortunately, you may not need as much down-payment money as you may think. There are many low down payment, even zero-down, payment programs available. Ask Bozeman real estate agent Taunya Fagan for information, and she will help you find mortgage loan referral persons for Bozeman lending institutions. Call banks and mortgage companies listed in your phonebook or do an on-line Bozeman home loan searches and ask each mortgage and lending institution about home loan options. You may be pleasently surprised the results.

There are also local, Montana, and US federal government programs designed to help renters become homeowners (see link at the top of this page). Again, ask your Bozeman real estate agent Taunya Fagan about these and other home-owning programs. A little homework may make the difference in financing your first Montana home.

Work with the Sellers.
Ask the sellers if they would be willing to act as your lender and carry the loan. Sometimes, if you commit to pay more than the asking price, or you even offer to pay a higher interest rate, sellers who chose to carry the loan may not require a down payment or as large a down payment as a lending istitution.

If you don’t have debt and own, free and clear, an asset like a car, boat, or raw land, you may be in good shape to qualify for your house loan. Ask your lending institution if they would lend you the down payment using your asset(s) as collateral. While this option may come with a higher interest rate, it may be an avenue that goes somewhere.

Ask Friends or Family Members for Assistance.
Most lending institutions allow borrowers to use gifts for their home's down payment. Maybe a family member or even a trust-worthy friend is in a good financial position to help you purchase your first Bozeman home. It’s worth the call.

Keep Saving For Your Montana Home!
While you explore your home-aquistion options, continue to save money for your down payment on a regular basis, even if it’s only $50 each month. Not only will this habit of saving money bring you closer to your goal of home ownership in Bozeman, MT, but this habit may indicate to Montana mortgage institutions that you have a good record of responsible saving.

Explanation of "Mortgage Types" 

 

Explanation of "Points"

 

Are You A "First-Time Buyer"

giving you the advantage...®

 

 

Taunya Fagan Bozeman Real Estate   406.579.9683   taunya.fagan@prumt.com

   

 

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