What is a first time home buyer loan

Author : mountviewfs | Published Date : 25-04-11

First-time home buyers apply for a first-time home buyer mortgage for purchasing their first property. Some lenders offer first-time home buyer benefits like higher income multiples and reduced deposit to the borrower. Some of the lenders also offer special rates to first time buyers. There is also Stamp Duty allowance for the first time buyers from the Government side which helps them reduce their purchase cost. If you are trying to secure a first-time home buyer mortgage then you may get in touch with Mountview Financial Solutions Ltd for help. The professionals at the firm will guide your entry into the housing market and will provide you with invaluable tools and educational resources on affordable homeownership.

Original Source: https://www.quora.com/What-is-a-first-time-home-buyer-loan/answer/Ranjit-Singh-3890