Purchasing a home use to require a down payment of about 20 percent. The amount lenders require has changed. A government pamphlet available online does a pretty good job explaining the process of purchasing a home with a low down payment.
The pamphlet many question that first-time home buyers have. There is even a worksheet "Evaluating Financial Resources" which can help determine net and gross monthly income. It is a pdf form so it is convenient to print out. There are other pamphlets that cover financing and sales of property but also home maintenance. Are available online without the usual fee charged for print copies. The site is worth checking out.
Technorati: NJ Real Estate News, Real Estate, NJ Real Estate Blogs, NJ Housing, New Jersey, Home Buying, Low-Down Payement, Government Pamphlets, Federal Citizen Information Center, Home Maintenance
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