Evergreen, CO (PressExposure) July 24, 2009 -- Massachusetts Association of Buyer Agents, (MABA), a non-profit buyer advocate organization will hold a First Time Home Buyers Seminar on Saturday, August 15th at 9 a.m. at the Wellesley Free Library located at 530 Washington Street, Wellesley.
The seminar is FREE and will be held in the Wakelin II room. The workshop will be 90 minutes long followed by a question and answer session. Light refreshments will be served. First Time Home Buyer certificates will be awarded to all who attend.
MABA's First Time Home Buyer Seminar will address a variety of topics including First Time Home Buyer programs; the loan process; types of mortgages; hidden fees; home inspections; appraisals; disclosure and more.
First time home buyers as well as home buyers who have not gone through the home purchasing process in a number of years will benefit from this educational seminar which will be led by a Buyer Agent, an attorney, a lender and a home inspector.
"Some financing organizations require a first time home buyer seminar certificate, which we will provide. Our seminar is designed to arm buyers with the most current information available as they seek to make one of the largest purchases of their lives," explained John Karcher of MABA.
Due to a provision in the American Recovery and Reinvestment Act of 2009, taxpayers who have not owned a primary residence in at least three years time are considered "first time home buyers" and are eligible for a tax credit of up to 10 percent of a home's purchase price (maximum $8,000). The Federal Housing Administration (FHA) is allowing first time home buyers to use their tax credit towards a down payment or closing costs on a new home.
For more information about MABA's First Time Home Buyer Seminar, contact 1-800-935-MABA.