I’m new to real estate investment, but eager to learn. I want to buy my first property using a first time homebuyers grant , but I am concerned with contingencies that come with them ( have to live there for a time period, can’t refinance, and so forth). Would you suggest using the grant(s) , or just skip it all together if my plans are to buy a second property around 2 years after I buy my first . Hope I explained my scenario clear enough. Thank you in advance.
@Jaime Camargo Most of the grants programs has different interest rate compare to what market offer and with lot of other conditions. Grants are good if you want to stay in the property. If you are planning to stay in the property without using grants, 3% down payment under conventional loan 3.50% down payment under FHA is available.