What does "First Time Home buyers programs & discounts",How can i make use of them.?

How can i know if my bank is giving me the best interest rate.

Is the seller or bank or I%26#039;m going to pay closing costs.....?

What does %26quot;First Time Home buyers programs %26amp; discounts%26quot;,How can i make use of them.?loan company

It depends if the program is from the lender or a state/federal program. Usually the buyer pays closing costs but sometimes, in a %26quot;buyer%26#039;s market%26quot;, the seller will offer to pay part or all of the closing costs to help sell the house faster.

Also, many state programs offer a discounted interest rate and even some closing cost and down payment assistance. Check out the link below for more details.

Good luck!

What does %26quot;First Time Home buyers programs %26amp; discounts%26quot;,How can i make use of them.?

loan

usually first time home buyer is nothing down and if good credit low payments, longer yearly loan. Good it gives you more $$ to adjust=furniture etc.|||Shop around for the best interest rate, although that depends a lot of your credit score (higher score lower rate).

Closing costs is something that can be paid by either or. It%26#039;s up to the two parties to come up with who will pay that, also you may be able to get the sellers to pay for the taxes on the property for the year as well.

The more fees the sellers pay for the less you have to pay for :)|||Scrutinize these offers carefully. Most sound very attractive ( No money down, low interest rate ) but the rate is often adjustable and you might discover you have an unmanageable payment after two or three years. You can always re-mortgage but beware of pre-payment penalties on your original loan. Don%26#039;t sign anything till you read all the documents. Closing costs are generally rolled into your loan.