- SCHAUMBURG, IL, September 19, 2008 - HomeTrust Mortgage Corporation is pleased to offer a new loan program called the Buyers Bonus Program, allowing new homebuyers to delay making their mortgage payments for up to 6 months. This loan can be used to purchase new construction or existing homes and can be combined with 97% financing.
Buyers Bonus Program is the perfect incentive for first-time homebuyers who need to get financially adjusted to their new home as they become accustomed to costs associated with buying a house, such as decorating, landscaping and moving expenses.
Evan Geiselhart of HomeTrust Mortgage explains, "This program is the reason first-time buyers need to buy a home now. It helps the buyer get into the home and then keeps on helping for up to 6 months." Geiselhart goes on to state, "Many first-time homebuyers are nervous when purchasing their first home as they aren't generally used to making such a large financial commitment all at once. Often times they do not have enough money left over for moving expenses or decorating.
"This program is a welcomed financial relief during the first few months of settling into becoming a homeowner."
"This incentive loan program is a boost not only for the potential homebuyer, but also for sellers and realtors marketing their houses in a sluggish home selling environment. Allowing sellers to provide extra incentives like '6 Months of No Mortgage Payments' greatly expands the number of potential buyers interested in their property and helps differentiate them from the masses." Geiselhart continues, "We have seen first hand how offering the Buyers Bonus Program can double showings on low- and mid-priced listings."
The seller or builder who offers this kind of incentive to any homebuyer - whether it's their first or fifth home - differentiates their house from the competition. There is no disadvantage to the borrower or to the seller - no rate increases, no extension of the mortgage term. Sellers can market their home more effectively to buyers, without having to discount the value of the home itself.
Whether a first time buyer or move-up buyer, the Buyers Bonus Program may be the perfect solution for many home buyers.
HomeTrust Mortgage Corporation is a mortgage lending institution that prides itself in providing first-class financial services. It is their mission to provide suitable mortgage programs at the most competitive rates in the nation. Their home loan programs include: purchase, refinance, debt consolidation, home equity loans, second mortgages, construction loans, and home improvement loans tailored to their customer's unique situation.
To contact Evan Geiselhart please call 847.517.1700 or visit their website at www.hometrustmortgage.com
HomeTrust can arrange financing for residential properties in Illinois, Michigan and Missouri.
Kymberlee Kaye Raya
HomeTrust Mortgage Corporation
1475 E Woodfield Road, Suite 110
Schaumburg, Illinois 60173