There’s all this news, talks and programs about saving homeowners from going into foreclosures but what about helping First Time Home Buyers ? Once foreclosure stops there will be no doubt the real estate market again will quickly start going up and up. Why haven’t I heard of any program to help first time home buyers except of news that mortgage lending requirements makes it more tougher to buy a house ? In essence were going backwards, sooner or later, back to square one – real estate housing affordability ! Home prices again will skyrocket to a point beyond affordability for most first time home buyers…Is there ANY Government Help for first time buyers to help them get a piece of the Amercan Dream, does anybody care ? Its tough or almost impossible to save 3.5 % for down payment and another (at least) 3% for closing cost escpecially during this time of recession ! We cant go back to adjustable interest only payments, stated income and no docs again ( you know what will happen )
