Listing Details: Wichita Falls, Burkburnett, Iowa Park and Sheppard Air Force Base, Texas Real Estate Listings & Homes For Sale Provided by John Caussey

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<Back to Page			Property 103 of 249 Selections

6218 Seymour Hwy

$510,240

Address: 6218 Seymour Hwy	City/ST: WIchita Falls, TX	Zip Code: 76310
Location: 6218 Seymour Hwy	Property Type: Land	New or Resale: Resale
MLS# 108703

Last Updated: 10/16/2009 3:03:42 PM

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Wichita Falls Real Estate

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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 home product makes lawn mowing easier than ever?
A	The Robomow, a robot lawn mower manufactured in the UK by Friendly Machines, can cut 6,000 square yards of lawn all by itself.
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John Caussey, REALTOR�, real estate agent and broker for Wichita Falls, Burkburnett, Iowa Park and Sheppard Air Force Base, Texas home listings, property and land for sale

John Caussey
Strategic Realtors
3800 Call Field Road
Wichita Falls, TX 76308
940-322-8400
Fax: 940-696-9771
strategicrealtors@BestImageAgent.com

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