Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Jannie, a proven Annapolis, Bowie and Anne Arundel County, Maryland NUMBER1EXPERT™ Top Selling real estate agent. Find Annapolis, Bowie and Anne Arundel County Homes - Find Annapolis, Bowie and Anne Arundel County, Maryland real estate listings & homes for sale provided by Jannie, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Jannie, a proven Annapolis, Bowie and Anne Arundel County, Maryland NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Jannie, a proven Annapolis, Bowie and Anne Arundel County, Maryland NUMBER1EXPERT™ Top Selling real estate agent. Annapolis, Bowie and Anne Arundel County Information - Find local information on Annapolis, Bowie and Anne Arundel County, Maryland including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Jannie, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Jannie, a proven Annapolis, Bowie and Anne Arundel County, Maryland NUMBER1EXPERT™ Top Selling real estate agent. About Jannie - Information about Jannie including testimonials, guarantees, credentials, and contact information. Learn why Jannie is a proven Annapolis, Bowie and Anne Arundel County, Maryland NUMBER1EXPERT™ Top Selling real estate agent.
Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
|
 |
| Q |
What characteristics must a home have to be considered a prestigious property?
|
| A |
Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
