I mentioned in an earlier post about my upcoming First Time Homebuyers Class. I thought I'd clarify for some folks what a first time home buyer is. True, if you've never owned a home and want to buy one, that would make you a first time homebuyer. You'd also be classified a first time homebuyer if you have not owned a home for more than 3 years. So let's say you owned a home 5 years ago, but your situation changed, got a divorce, moved and were unstable as to where you were going to live and decided to rent, then you'd still be considered a first time homebuyer if you have not owned for 3 years.
The advantage for some first time homebuyers are the programs available to assist in closing costs and down payment, although down payments guidelines have changed with the mortgage meltdown and in fact, mortgage guidelines are frequently changing.
There will be an experienced Wells Fargo lender available at the class to answer those questions about financing.
Tell everyone you know about this class and call me, Angie Goodman at Keller Williams at 850-321-4666 to join us on November 8, 2008.