Soft 2nd Mortgage for "1st Time" Home Buyers

Finally, New Orleans is getting some help in the rebuilding department. The New Orleans Finance Authority has some fantastic programs to help first time home buyers -- but don't stop reading there-- they have expanded the definition of "first time home buyer." If you owned before Katrina, but have rented since, you are considered a first time home buyer in these programs. In addition, divorcees and widows are considered first time home buyers.

You can get up to $65,000 in the form of a "soft second mortgage" which you'll NEVER have to pay back if you stay in the home in good standing for ten years! That means on a house that costs $165K in New Orleans, a good size home in this market, you could end up only having a mortgage that you pay against for $100K, usually only $550 a month for principal and interest (P&I), depending on your circumstances. Talk to our agents -- we are the best in the business as locals very much invested in finding solid home buyers to rebuild our city!

NEW ORLEANS IS THE PLACE TO LIVE!

Things have been going so fast for Urban Vision that we've been neglecting our blog. That stops today!

Welcome to our fabulous listings website, also a place to get to know us as agents and broker. I'm MJ Sauer, owner and broker for Urban Vision. I'm a New Orleans local, working the real estate arena here for the past 10 years.

We have just wrapped up French Quarter fest here in New Orleans, and now it's time for Jazzfest. This is the best place to live. Plus, it's crawfish season! Does everyone know that Urban Vision's offices are located atop of our bar, the Mid-City Yacht Club, where we have free crawfish boils every friday night starting at 5pm? Stop by! You will surely need a beer to cool your lips.

MJ

p.s. Also, more helpful New Orleans tips: take note my husband has the best home theater company in town, NOLA Smart Wire! He's the best, really.