Found 2 blog entries tagged as austin texas home buyer.

 

By the Kent Redding Group

Are you planning on buying your first home in Austin? If so, buying a home for the first time can be a complicated process that’s full of up’s and down’s that’s why in this article we will share with you first time home buying tips that will help you to successfully buy your first home.

1. Start saving for a down payment early

It’s common to put 20% down, but many lenders now permit much less, and first-time home buyer programs allow as little as 3% down. But putting down less than 20% may mean higher costs and paying for private mortgage insurance, and even a small down payment can still be hefty. For example, a 5% down payment on a $200,000 home is $10,000.

Play around with a down payment calculator to…

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By the Kent Redding Group

AUSTIN, TX – The holidays are a wonderful time of year and if you’re planning on buying a house in Austin you may be given money to use towards your down payment and even though gift money can be a blessing, there are 4 mistakes that you don’t want to make with holiday gift money.

Mistake #1 – Not Taking the Time to Document the Gift

Although the holiday gift money may be given to you by a friend, family member or relative, you should take the time to quickly write a gift letter that documents the gift amount, explanation of the gift (if it’s a loan or has to be repaid), date of gift transaction, your relationship to the gifter and their signature.

Writing a gift letter literally takes just minutes and it can…

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