General Motors employees are receiving $4,000 bonuses, sharing in GM's profit!
That's good news for the Mahoning Valley and the Youngstown/Warren area. It is estimated that these bonuses will inject $16 million into our local economy.
Now would be a great time to take that money and use it to purchase a new home. FHA requires only a 3-1/2% downpayment, and some of it can be a gift . . . and in this economy most sellers will agree to pay closing costs and pre-paids. There is a also a First-Time-Home-Buyer Program that provides 2% of the downpayment money as a gift from the State of Ohio!
Getting pre-qualified for a loan is free, and it provides you and your Realtor with a clear direction of your options.
If you are thinking of purchasing your first home, don't hesitate to contact me for some advice. It's easier than you might think, and with all the 'special' programs, and all the available homes, great prices and great interest rates, the timing couldn't be better.
- Patty Massare's blog
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All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. CENTURY 21 Lakeside Realty Is a member of the National Association of REALTORS® Equal Housing Opportunity.