Hi all, I caught a preview to a program last week, that made me set my DVR to record it.

That goes for neighborhood assistant programs too!

Assuming that this is investment, I would suggest that you review the merits of a rehab loan (whether it be conventional or hard money)---programs would allow you to finance 100% of the purchase + 100% of repairs + 100% of closing costs (and in some cases, 100% of the mortgage payments) and you could use the down payment as cash reserves.

This is really just a forced savings program.

In trying to go from in-house solutions to vendor products, they would go for huge, highly complex programs.

Top worries in my mind right now are:- Which Property Management company should I use (if you guys have any recommendations in the leominster, MA area - that would be cool)- One of the 6 units does not have a lead certificate and how much of a big deal this can be.Marcelino

I've recently applied for the First Time homebuyer down payment assistance program with a local city here and had a few questions on how those programs are ran, if anyone is familiar with them.If everything goes through, i will be eligible to receive $25-30K in down payment assistance (as a forgivable second mortgage) to buy a property within that city.

If you are interested, just stop by your local small airport and check out their programs.

You might have taken out a 15-year loan to get the loan paid off in half the time, and might even be making extra payments, or perhaps signed up for one of those biweekly loan programs, all to enable you to get rid of the mortgage just as quickly as possible.You do all of these things, of course, for a very basic and deep-rooted reason: because your parents taught you that you should never a have mortgage, and the key to the American Dream is to own your home outright.Yet, a Big 30-Year Mortgage Is BestAlthough your parents’ advice once made sense, today it is completely wrong.

All the low fico programs just that I know about just adjusted again.