American Dream Updates 1st Generation what? скачать в хорошем качестве

American Dream Updates 1st Generation what?

The American Dream is a great 1st time buyer program that offers up to a 20% Jr. No Interest Loan that is repayable upon home sale or refinance. This Program is very unique in that the interest rate is not 1-1.5% higher then market rate like most 1st time buyer programs. The drawback for most people is you have to pay the loan back and give up future equity gains at 20%. I liken this to a family member loaning you money and you sharing 20% of the future appreciation. There is a huge major change to the program where one of the buyers must be 1st generation homebuyers and the program is now a “lottery system”. They only have about 220 Million to distribute so I am estimating 1500-1800 California Families will be assisted. The Biggy for me and will disqualify A LOT of people is At least one applicant must be a First-Generation Homebuyer lets dive deeper into this