1st Time Home Buyers Seminar
Do you currently rent? have you thought about buying a home/condo/townhome for the first time? Maybe have a few questions about the process, credit scores, financing, etc? Can you afford a couple hours to learn these answers and more? What are you doing on Wednesday May 13, 2009 @ 6:30 pm?
Ryan Hill Realty will be sponsoring a 1st Time Home Buyers Seminar from 6:30 – 9:00 pm that evening at the Naperville Municipal Center, 400 S. Eagle St, Naperville, IL. Topics that will be addressed by guest speakers will include:
- Learn about the home buying process, terms, details and review the various real/estate home options
- Find out about the 1st time home buyer tax incentive and what the qualifications are.
- Review the latest mortgage and lending programs available.
Attendees can sign up for various sponsor raffles as well as a drawing for a 5 day, 4 night Cruise For Two* donated by Ryan Hill Realty. (Winners must be present at time of drawing.)
Contact me for free tickets!
For reservations, you can call 630.897.2165 x258. Or email me.
$10/person | $15/couple. No Refunds.
All proceeds are for the benefit of Hesed House, Aurora, IL.
Click here for event flyer.
US Treasury Announces Making Home Affordable Guidelines
Making Home Affordable is a new program designed to offer assistance to as many as 9 million homeowners, making their mortgages more affordable and helping to prevent the impact of foreclosure. There are 2 main parts to the program:
- The Home Affordable Refinance program will be available to 4-5 million homeowners with a solid payment history on an existing Freddie or Fannie owned mortgage. This program ends June 2010.
- The Home Affordable Modification will help up to 3-4 million at-risk homeowners avoid foreclosure by reducing monthly mortgage payments.
Summary guidelines from the US Dept of the Treasury provide more detailed information. A new website has been set up http://www.financialstability.gov/ for these programs. If you think you might be eligible to participate there is a step-thru questionnaire at the above link to guide you thru the process. Also you may call your lender to discuss their participation and your eligibility.
