Scott Berlyoung
Scott Berlyoung has worked in the greater Atlanta area since 1999 completing thousands of consultations and inspections. His expertise encompasses re-sale and new home construction, phase and single item reviews, Stucco/EIFS moisture checks, pre-sale consulting, radon measurement both residential and commercial. He holds certifications from National ASHI #206969 as well as ASHI Georgia, GAHI #99034, ICC 5187106-R5 and NEHA #103210RT, being fully code certified, and holds others in home indoor air and radon measurement. He has experience as an expert court witness and is available for public and group power point presentations on housing construction and safety, class action and home buyers education and Radon safety. Scott is currently a board member of ASHI Georgia serving as Treasure. He lives in Alpharetta with his family and “Jack” the radon terrier.
Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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What is the world's longest frontier?
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At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
 See More Real Estate Trivia > |
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