I know i need to pay down my debt before hand but what else do I need to do? In laymens terms please (plain simple english)
Thanks in advance
2006-06-06 16:18:45 · 2 answers · asked by spiceybooger 2 in Business & Finance ➔ Renting & Real Estate
run your credit Get all three score use the middle score. With a 580 I can do 100 % plus 6% (for closing cost) for a total of 106 with no PMI or MI. Find a real estate lawyer that you wants to use.Make sure you pay your rent on time the bank will want to see a rental history for 1 year. If you have any questions please email at johng@oldmerchants.com I am a Sr. manager at a mortgage bank
2006-06-06 16:56:45 · answer #1 · answered by jon g 3 · 1⤊ 1⤋
They also have first time buyers programs, search your government like for info and classes....Good Luck and happy house hunting
2006-06-06 16:22:33 · answer #2 · answered by Diamond in the Rough 6 · 0⤊ 0⤋