The HFA Preferred: Offers to eligible borrowers, in the place of a 0% down second mortgage, up to $7,500 down payment assistance, a fixed rate mortgage for 30 years and decreased premium mortgage insurance. The $7,500 2nd mortgage becomes payable in full if: the mortgage borrowers decides to no longer occupy the property. Otherwise, the $7,500 assist is deferred so long as the property is not sold, satisfied, refinanced or transferred.
Owning a property takes a lot of responsibility. Along with that responsibility is a long list of to do’s that ensures your home or investment property is being maintained properly and efficiently both within the management process and in a financial sense. If having one property is a hand-full, the thought of multiple properties to maintain could make your head spin. This is where the added strength of a strong property management company like Kashmiri Realty & Property Management by your side can play a big role in your real estate purchase endeavors.