The moment when he asked you to marry him you had no idea how involved this
would be: the tastings, choosing the perfect dress, where to hold the reception,
the license, invitations, the money, the stress, the fun, the memories. Now that
it’s all over, what’s next? Kids? Not yet! Buying a house? Maybe.
 
Approximately two thirds of engaged or newly married couples are renters who
plan on buying a home within the next couple of years. Many of these buyers
find their biggest hurdle to homeownership to be saving enough money for a
down payment and closing costs. Here are a couple of ideas:

• Register at www.newspousenewhouse.com – this is a secure wedding
registry that gives soon to be married couples the ability to put a down
payment on a home, instead of the typical Gift Registry items.  

• A second idea, if you are in a lower income range, you may be able to
quality for a grant from the government. The grant is free money towards
your down payment that you never have to pay back. Lastly, another idea that
is available to any borrower, whether low income or not, is a non-profit charity
gift in accordance with HUD and FHA rules. The way this works is the seller donates
X dollars to the charity. Then, the charity donates X dollars toward your down
payment. The key with this type of down payment assistance is to have a seller,
lender, and Real Estate Agent who are all well versed with this sort of transaction.
Good luck!!

This great tip was brought to you by Corliss Realty located in beautiful Orange County
For more great realty tips telephone Danielle or Jim at 949.888.2676!