|
All agents are NOT alike! Find out why I am a top real estate expert. Call me today @ 504-330-0901.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
Carolyn Talbert is one of The Top
Selling Real Estate Experts™
Find Out More > |
|
|
 |
 |
About Metairie, New Orleans,
Algiers, French Quarter, Kenner, Lake Front, Terrytown, and Uptown: Moving to Metairie, New Orleans, Algiers, French Quarter, Kenner,
Lake Front, Terrytown, and Uptown, Louisiana? Get info here... |
|
Relocating?: Free real estate information & relocation package if you're
relocating to Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake
Front, Terrytown, and Uptown, LA |
|
School Information: Metairie, New Orleans, Algiers, French Quarter, Kenner, Lake Front,
Terrytown, and Uptown schools and the education system in Louisiana:
kindergarten, elementary, high schools, colleges &
universities |
|
Local Weather: Weather in Metairie, New Orleans, Algiers, French Quarter, Kenner,
Lake Front, Terrytown, and Uptown, Louisiana: spring, summer, winter, and fall
climate changes |
|
Metairie, New Orleans, Algiers, French Quarter,
Kenner, Lake Front, Terrytown, and Uptown Photo Gallery: Tour Louisiana in pictures |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
Financing Your Home >Financial Help
Escalating home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be provided.
Sit down with your parents to discuss the details of the arrangement. Is the money they are providing a gift or a loan? If it is a gift, be sure to check with your tax expert to minimize the tax implications. If your parents are loaning the money for the down payment, how will it be paid back? Will there be joint ownership with an equity-sharing agreement? Will your parents be named on the ownership papers with you? Are special documents needed?
Whatever form it takes, parents who help their children buy a home give them an incredible gift!
|
|
| Q |
What is a Balloon Mortgage?
|
| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
