wanting to buy my first house but have little money
2006-08-01 12:24:19 · 2 answers · asked by snowchick___420 1 in Home & Garden ➔ Other - Home & Garden
A lot of people are making a lot of money promoting books, CDs, and videos that "teach you to make lots of money buying foreclosed properties". Some people do make money and get good deals buying foreclosed properties, but many more make a lot of money selling the programs I mentioned.
Many states offer incentives in the way of low interest and/or no down payment loans for first time home buyers. Your real estate agent should be familiar with these programs and can walk you through the process.
A word of advice, since this is your first home, chances are that you will build as much equity as you can and move up in the future. It is important that you fall in love with the deal and not with the house. I know that buying your first house is an emotional experience, but try to maximize the financial opportunities it presents.
Good luck with your new home purchase.
2006-08-03 06:40:39 · answer #1 · answered by exbuilder 7 · 10⤊ 0⤋
yes there is a trick to it good luck i closed two of them it done all in the paper work
2006-08-01 12:44:19 · answer #2 · answered by robert899295 3 · 0⤊ 0⤋