Possible first time home buyer looking into a mortgage for a extremely low cost home?
I am 21 and I recently started looking into some real estate listings of late for the heck of it. I came across a couple of houses that are at or below $25,000, I went to give somebody a lift a look at them and they are in very nice condition as ably as being in apt neighborhoods, mostly because we are in a serious real estate slump here contained by Michigan. I feel like it is the right time to buy something especially so I can lug advantage of the first time home buyer credit. What would be an ideal situation for me would be to purchase the home beside a very low down payment and I do not know much going on for loans, but with a 10 year fixed APR mortgage, the loan would be extremely affordable. The plan would be that I could pay it bad in ten years and either still live contained by it or sell/rent the property. My question is does this sound at adjectives reasonable for me to be doing and are there even lend companies out there willing to work next to low down payment mortgages that are that short of a term?
Answers:
Just be sure and obtain a fixed rate or you will get screwed in the long run. Try your ridge for a loan.
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Answers:
Just be sure and obtain a fixed rate or you will get screwed in the long run. Try your ridge for a loan.
Related Questions:
Home mortgage Legal counsel.?
I bought a home with a girl I am no longer seeing. She asked me to move out and I told her I could not afford rent and the morgage. She said her mom would help and not to verbs about it. Later I signed papers to get my nickname...