I want to buy a house...?

Question

I want to buy a home for my children and I somewhere in the near future. I would like to know about any programs or anything that can help me in a doing so.

Answer 1

Call me at work 866-766-2165 ext. 32324. I am a loan officer and I will help you find the best option. And if I can't help you I have others that may be able to. Chase Home Mortgage.

Answer 2

whooaaa don't do lendingtree unless you want to get phone call for the next 3 years on a monthly basis. still getting phone calls from random mortgage broker from somewhere in the USA trying to sell me some ridiculous rate.

Ok so you want to purchase a home for the kids. My big question is do you know what the kids want? Where are they going to college if they are or not? You may want to purchase a rental near that college of there choice now and when they are old enough to occupy and have there friends pay the mortgage for them than give them the property. All you will have to do is a quick refinance as a long as they qualify using a Family Deed Transfer. Great thing about this is the taxes wont get reassessed when you put the property into there names. Only if they refinance and take cash out will it than be reassessed. So investment now for the kids future home purchase later. Looks like you have some fun summer exploring to do. Great time to buy is in the Winter oddly enough because no one is buying and great time to take advantage of the sellers. Good luck

Answer 3

There are programs like the VA Loans, Government backed loans for single mothers, etc. You need to go to your state, and county web sites and check with the HUD, or Housing Websites.
The housing market is in a decline right now, so I wouldn't be surprised if a lot of banks are going to start loosening their requirements to continue finding potential mortgage holders out there. Plus, a lot of banks are specializing in Creative Financing - like a 40 year loan to get your monthly mortgage down low enough to afford, deferred interest loans. The only problem is, because the housing market is in a decline, you have to be dedicated to your property. As the market declines, so will the value of your house. Don't worry, unless you are living near a GM Factory that has been closed down, or you live in a ghetto in teh making, your property value will come back up in about 6-10 years as the cycle shifts again. Then you will have equity you can use in your house, and will be able to sell again for a profit. The other plus of the market right now, is it is going to become a buyers market - meaning you can make low ball offers and as people start to get more desparate they will accept them. Keep your eye out for houses that have been on the market for a while.
Good luck.

Answer 4

It depends on your situation. If you are a first-time homebuyer, many states offer a first-time homebuyer programs that offer low interest rates and incentives.

The best thing I can really suggest is to go sit down with a bank loan officer and discuss all the options. Schedule an appointment with two or three different banks to get all the options, as some banks will only steer you toward the best deal for them.

A good starting point is http://homebuying.about.com/od/howtobuyahome/a/firsttimebuyers.htm

Also, LendingTree.com can help with some loan questions.

I hope this helps.

Answer 5

Speak to a bank or mortgage company and get pre-approved for an amount you can afford. Save some money for a down payment and for incidentals. Most of all protect your credit, this is very important. Find house in your price range and purchase. Good Luck!

Answer 6

Check Your Internate.

Answer 7

this article can help buy giving you advice on purchasing or renting or investing in properties

Answer 8

go to ask.com ,dogpile.com......