Financing Fun... The Tracy Show,
How To Buy a House 1st time buyers.
Tracy Elman, Homesmart, REALTOR® & Tracy Pedevilla, Lender, Augusta Financial sit down and talk about info for first-time buyers. We discuss tips, loans programs, tax strategies, and grants.
Transcript:
Tracy Elman: "Hi, we are the Tracys. I'm Tracy Elman with Home Smart."
Tracy Pedevilla: "And I'm Tracy Pedevilla with Augusta Financial."
Tracy Elman: "And we're here today at an open house and we're talking about finance for first time home buyers."
Tracy Pedevilla: "Yes, there are programs out there for first time home buyers specific to help you out. We have CalHFA which is down payment assistance and we also have a first time tax credit for anyone who hasn't owned a home in 3 years you are considered a first time home buyer."
Tracy Elman: "And what does a first time home buyer need to have in order to get one?"
Tracy Pedevilla: "That is a great question because a lot of home buyers don't realize the amount of paperwork and documentation that does go into buying a first home. But to get pre-qualified, the basics are your two years tax returns, your two years W2's, some pay stubs, some bank statements and we can pretty much do the rest from there. We can get the full story, if you need anything else there's going to be a lot of hoops to jump through, there's going to a lot of T's to cross, a lot of I's to dot, but we will be there to hold your hand."
"We are all 24/7, we're on our phones, we're on our emails, anything you need we'll be there."
Tracy Elman: "Oh, that's great. As a realtor we need to be able to reach you."
Tracy Pedevilla: "I'll be there for you, too, Tracy."
Tracy Elman: "Great. Thank you, Tracy. So another question that people want to know is about the programs that are available to them as first time home buyers."
Tracy Pedevilla: "Yes, so like I said, the tax credit is one of- we're the only lender in Santa Clarita that's offering this right now, and you basically get an additional 20 percent back on your taxes each year."
Tracy Elman: "Oh, wow."
Tracy Pedevilla: "So it's a great added benefit. I mean, owning a home in general is such a great tax break, but to have that extra 20 percent back really helps a lot of people out, and it's a great benefit. Like I said, only three years of not owning a home."
Tracy Elman: "That's fantastic and not too long to wait. So any other tips or advice for first time home buyers?"
Tracy Pedevilla: "Just know going into it that you're going to hate us at some point, but we will be your best friend at the end of it."
Tracy Elman: "Okay."
Tracy Pedevilla: "And you will have your beautiful dream home."
Tracy Elman: "Great, and how do we reach you?"
Tracy Pedevilla: "661-291-2232 is my direct line, or tracy@augustafinancial.com."
Tracy Elman: "Great. And again I'm Tracy Elman at Home Smart Real Estate and we'll be seeing you soon."
To reach Tracy Elman to buy and sell your home call
(661) 527-3777 or (818) 720-9851 www.AskELMAN.com
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