what should first time home buyers know about financing options?
we don't have the greatest credit scores, but our income is more than substantial to meet an average mortgage, plus we're confused about all of the options available to us about financing, handling the closing costs, etc.
Public Comments
- One of the things you have going for you is the fact you have never owned any property before. there are a lot of 1st time buyer programs out there. If you do a search you will be surprised how many options you have. One very good federal program is Rural Housing Developement Loans. They call for very little down, have fixed interest rates and are easier to qualify for low income people. I dont know how bad your credit scores are but there is a web site that guarantees excellent credit reports for $39.99. A good investment since they offer 200% refund if it doesnt work you can find it at the address below. Good luck and enjoy, there is nothing more rewarding than owning your own home (you know, the American Dream realized) God bless, Cynde
- If you're interested we offer credit repair with loans, that way your intrest rates aren't so high. Feel free to contact me anytime.
- Good Credit or Poor...... You Need to Find a Mortgage Advisor you can Trust. An Open Book Advisor means they will share their credit report with you. Looking at this will show you if they have a clue about finances, making good financial decisions and the ability to identify the best loan products etc... Lots of people sell loans. Not all can truly advise. Depending on where you live- we can forward a free referral. Shoot me an email by clicking on my avatar! Good Luck and congratulations on taking the step many loan agents haven't taken yet themselves, buying a home that is!
