There is a misconception among would-be Home buyers that you must have $10,000 to $20,000 to purchase a home, this is absolutely NOT true. The purpose of this post is to help you understand that there are Loan programs available that reduce the amount needed for down payment and often times closing costs too.
I am going to teach you the truth about down payments, whether you're a First Time home buyer or buying your second home, Down Payments are there, but they don't have to break the bank, Here's why ...
We're constantly hearing about credit scores, where to get a free credit report and there're are plenty of people out there that want our money to "fix" our score. The truth is that most of the time you can increase your credit score all by yourself, you just don't know what affects the score and you haven't been taught how to increase it.
I'm going to show you what I have learned, why it works and how it has helped many people get their FICO score increased so that they were able to get lending on a home. You can put these things strategies to work right now and you may be able to increase your credit score in as little as 45-90 days.
The thought of applying for a home loan intimidates a lot of people and I believe the reason is car salesmen. You've likely experienced buying a car and the experience was anything but great, there's the 4 square piece of paper meant to "help" you by examining payment Vs cost, then the numbers start to change ... it's usually a dreaded experience.
When it comes to applying for a home loan it honestly is nothing like being at a car dealership, if you're doing it right. By doing it right I mean you're using a Professional, someone that understands finance, knows the market and the programs available. This Loan Professional will help you get Pre-Qualified so you know how much you can spend.
There are 100's of websites you can use to search for a home, and nearly everyone of them is fighting for your attention so they can sell your information to a high bidding Real Estate Agent.
The good news is, you can use many of these sites and never enter your information. I have found that the less intrusive one is Realtor.com, it also happens to be the only one with real time updates tied directly to Realtors MLS systems nationwide.
I am going to show you how to set up a search that will remove the houses you likely wouldn't want and focus results on the Homes you'll love. Let's get right to it ...