Finance Articles

New Buyers Bonus Mortgage Program Allows Home Buyers to Skip Their First 6 Mortgage Payments

ATLANTA, GA (PRWeb) January 31, 2007 -- Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer a revolutionary new loan program called "Buyers Bonus" Mortgage 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 previously occupied houses and can be combined with 100% financing on fixed or adjustable rate mortgages (ARMs).

"Buyers Bonus" Mortgage Program is the perfect incentive for potential first-time homebuyers who need to get financially adjusted to their new home as they become inundated with all the other costs associated with buying a house, such as decorating, landscaping and moving expenses.

Stephen Katz of Katz Mortgage Team explains, "This program is the next step beyond 100%, no money down mortgages. It helps the buyer get into the home and then keeps on helping for up to 6 months." Katz 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 furnishings. Buyers Bonus is welcomed financial relief during the first few months of settling into becoming a 'homeowner'."

This incentive loan program is a huge boost not only for the potential homebuyer, but also for sellers or builders marketing their houses in a sluggish home selling environment. "We are also seeing sellers take advantage of the powerful incentive Buyers Bonus has to offer." 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." Katz continues, "We have seen first hand how offering "Buyers Bonus" can double showings on low and mid priced listings."

Katz further emphasizes, "Perhaps more importantly, the seller or builder who offers this kind of significant financial relief to any homebuyer - whether it's their first or fifth home - really sets him or herself above the competition. I mean, really, who wouldn't want up to 6 months of their mortgage payment paid upfront? There is no disadvantage to the borrower or to the seller - no rate increases, no hidden costs down the road. It's simply a way for sellers to market their home more effectively to buyers, without having to discount the value of the home itself."

Whether you are a first time buyer or ready to purchase your dream home, "Buyers Bonus" Mortgage Program may be the perfect solution for you.

Please contact Stephen Katz for more information.


About Katz Mortgage Team
Katz Mortgage Team, backed by Amtrust Mortgage Corporation and headquartered in Atlanta, Georgia, is a high-performance team of top mortgage professionals with a commitment to providing the highest level of personal service to customers in 24 states across the nation. As a full-service residential mortgage lender, Katz Mortgage Team specializes in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS), fixed rate mortgages, and a wide variety of Interest-Only loans attractive to real estate investors seeking investment properties.

About Amtrust Mortgage Corporation
A leader in mortgage banking, Amtrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage companies in the nation. Constantly expanding coverage, Amtrust currently operates in the following states: Alaska, Alabama, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Mississippi, Missouri Minnesota, North Carolina, New Jersey, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington.

For more information, contact:
Stephen Katz - Senior Loan Officer
866 742-8400 (toll free)
www.KatzMortgageTeam.net

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