Wednesday, September 26, 2007
Teacher Retirement System Enrollees Eligible for 667,400 for Real Estate
Participants in the California State Teachers Retirement System can use the CalSTRS Home Loan Program to refinance their existing home loan or to buy a new home. Loans are made in amounts of up to $667,400 (or 95% loan to home value) and feature 15 to 30 year terms. Interest rates are typically below market. Eligible properties include single-family homes, cooperative apartments and condos, as well as two to four-unit dwellings.
Sphere: Related ContentWednesday, September 19, 2007
15,000 People A Month Get Grants For Down Payments
There are a number of non-profit organizations that provide grants to homeowners to pay for down payments and closing costs for buying a new home. These grants normally range from 2% to 5% of the purchase price of the home. These non-profits obtain their money from mortgage lenders and sellers. Housing regulations prevent sellers or lenders to give down payment money directly to buyers. More than 15,000 buyers a month receive grants through this program. To learn more about how this gift-assisted sale works, contact the national association of these organizations called Homeownership Alliance of Nonprofit Down Payment Providers, at 301-941-1907, or web.
Sphere: Related ContentMonday, September 17, 2007
$$$$$ To Pay Off Federally Insured Student Loans
The U.S. Federal Government has established a student loan repayment program which authorizes agencies to repay certain types of federally insured student loans as a recruitment or retention incentive for highly qualified personnel. If you qualify, an agency may agree to provide student loan repayment benefits of up to $10,000 per calendar year, subject to a cumulative maximum of $60,000 per employee. For more information contact The Office of Personnel Management, 1900 E Streets NW, Washington, DC 20415-1000; (202) 606-1800, TTY (202) 606-2532
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