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The Best Larchmont, Mamaroneck, New Rochelle and Rye Web Sites
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Transportation

The New York Times 

The Journal News 

Lower Hudson News 

Larchmont Gazette 

Larchmont Loop 

Rye Record 

Sound and Town Report 

Metro North Rail Line 

Bee Line Bus 

Amtrak 

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Larchmont Village 

Town of Mamaroneck 

Village of Mamaroneck 

City of New Rochelle 

City of Rye 

Larchmont Newcomers’ Club 

Town of Mamaroneck Fire Department 

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School Reports in Larchmont, Mamaroneck, New Rochelle and Rye, New York
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Real Estate Tips
First Time Buyers >More Down Payment Help

One of the most common deterrents to first-time home buyers is the lack of a down payment. However, the home loan industry has practically re-created itself in the last ten years, making it easier than ever to obtain a mortgage, and new mortgage programs are always cropping up.

Some states sponsor loan programs that allow buyers to purchase a home without putting any money down. A parent or other relative can guarantee repayment of ten percent of the loan if the buyer defaults. The only cash needed is for the closing costs, which typically run about three percent of the loan. Parents can also give their children down payment help through a personal note or second trust deed. The terms can be set up for monthly payments or annual payments amortized over a period of time. You could pay the interest only, and have the payoff due when the property is sold.

With so many alternatives, doesn't it make sense to call your real estate agent for a free consultation? You may be closer to home ownership than you think.

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Real Estate Trivia
Q 
What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?

A 
The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture.
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Brian Carr-Smith, REALTOR®, real estate agent and broker for Larchmont, Mamaroneck, New Rochelle and Rye, New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Brian Carr-Smith
Coldwell Banker Residential Brokerage

140 Larchmont Av
Larchmont, NY 10538
917-747-7819
Fax: 914-462-3240
briancarrsmith@NUMBER1EXPERT.com


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