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" If you stay you don't repay!" Get 10K from City of Austin!
Attention first time homebuyers! If you buy a house, a condo, or a town home in Austin that does not exceed $190,152 sales price, the City of Austin's AHFC offers you up to $10,000. Plus an additional $1,000 to pay towards the mortgage credit certificate program.

How can you use the $10,000?
Up to $10,000 can be used for the down payment and closing costs. Enjoy a zero interest rate and no montly payments.
Repay only if you sell, refinance, lease, or transfer title before the affordability of 10 years.
Call Chris, Sandy or myself today and find out more at 512-476-6463.

Who can qualify for $10,000?  Family Size: Max. Family Inc.
1 person $39,850
2 persons $45,500
3 persons $51,200
4 persons $56,900
5 persons $61,450
6 persons $66,000
7 persons $70,550
8 persons $74,100

Remember, your investment must be within the Austin city limits and it must be a single family home (town homes and condos acceptable). The sales price not to exceed $190,152.

As stated earlier, there are a number of mortgage products available. The most common types are the fixed-rate programs where the monthly interest and principal payments are fixed for the life of the loan. Other programs, referred to as ‘adjustable-rate' loans, allow for the interest rate to change at specified intervals. The interest rate on adjustable-rate loans can go up or down depending on changes to the index interest rate on which the loan's interest rate is based. Some adjustable-rate loans allow for a fixed period, such as one, three or five years, before the interest rate becomes adjustable. After that fixed period, the interest rate will change each year thereafter.
LINGO
MORTGAGES...Another kind of adjustable-rate loan is the graduated payment mortgage, known as the "GPM," where payments are fixed for only one year and will change by a specified amount annually. The advantage of the GPM is that often borrowers are able to qualify for a larger mortgage than they otherwise would, and may be able to ‘grow into' the payment if it later increases. Unfortunately, this type of meaning that the loan balance can actually increase since thee loan is lower than the rate used to calculate the interest that accrues. The shortfall is added to the loan amount. The loan fully amortizes (or pays off by the scheduled end of the mortgage term) by raising the interest rate in the later years to offset the shortfall.
Another program for specific needs is called a "balloon" mortgage. Balloon programs are ideal for borrowers who know they will not occupy the home for long periods of time. For example, the borrower may know that he or she will be transferred to another location in three years, and will likely sell the home and pay off the loan anyway. Since balloon loans
Re-Build With Confidence
The advantage of the GPM is that often borrowers are able to qualify for a larger mortgage than they otherwise would, and may be able to ‘grow into' the payment if it later increases. Unfortunately, this type of meaning that the loan balance can actually increase since thee loan is lower than the rate used to calculate the interest that accrues. The shortfall is added to the loan amount. The loan fully amortizes (or pays off by the scheduled end of the mortgage term) by raising the interest rate in the later years to offset the shortfall.
Another program for specific needs is called a "balloon" mortgage. Balloon programs are ideal for borrowers who know they will not occupy the home for long periods of time. For example, the borrower may know th
 
 
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The advantage of the GPM is that often borrowers are able to qualify for a larger mortgage than they otherwise would, and may be able to ‘grow into' the payment if it later increases. Unfortunately, this type of meaning that the loan balance can actually increase since thee loan is lower than the rate used to calculate the interest that accrues. The shortfall is added to the loan amount. The loan fully amortizes (or pays off by the scheduled end of the mortgage term) by raising the interest rate in the later years to offset the shortfall.
Another program for specific needs is called a "balloon" mortgage. Balloon programs are ideal for borrowers who know they will not occupy the home for long periods of time. For example, the borrower may know th

The advantage of the GPM is that often borrowers are able to qualify for a larger mortgage than they otherwise would, and may be able to ‘grow into' the payment if it later increases. Unfortunately, this type of meaning that the loan balance can actually increase since thee loan is lower than the rate used to calculate the interest that accrues. The shortfall is added to the loan amount. The loan fully amortizes (or pays off by the scheduled end of the mortgage term) by raising the interest rate in the later years to offset the shortfall.
Another program for specific needs is called a "balloon" mortgage. Balloon programs are ideal for borrowers who know they will not occupy the home for long periods of time. For example, the borrower may know th

The advantage of the GPM is that often borrowers are able to qualify for a larger mortgage than they otherwise would, and may be able to ‘grow into' the payment if it later increases. Unfortunately, this type of meaning that the loan balance can actually increase since thee loan is lower than the rate used to calculate the interest that accrues. The shortfall is added to the loan amount. The loan fully amortizes (or pays off by the scheduled end of the mortgage term) by raising the interest rate in the later years to offset the shortfall.
Another program for specific needs is called a "balloon" mortgage. Balloon programs are ideal for borrowers who know they will not occupy the home for long periods of time. For example, the borrower may know th