Hi Shontee! We would love to help you on your home buying search! My sister Zandra and I specialize in helping first time buyers and we would LOVE to help you! We have an awesome mortgage specialist who goes above and beyond to get you ready to purchase. And we find our clients the best homes on the market. There is no perfect house, but there is a perfect home for you and we can help.... more
Your best bet is to contact a mortgage loan officer who can guide you through the pre-qualification process. They should be able to help you streamline your finances to best prepare you for a loan qualification. Be sure you can document your income to your loan officer as today's financing is all about proving your income is legit.
The higher your credit score, the lower your mortgage interest rate may be. This will result in lower payments for your mortgage each month. Rates are the lowest they have been since the 1950's. Do yourself a favor and get that credit cleaned up ASAP!
As far as increasing your personal credit score, consider paying all bills on time, keep credit card balances below 50% of the max amount, don't open new credit, pay off old debt, pay down debt, dispute any negatives with the 3 credit reporting agencies. This should help you raise your scores.... more
Yes......I'm a Community Mortgage Officer for a local bank and we have a closing cost assitance grant up to $3K. You must attend a HUD approved first time homebuyer workshop.Contact me and I will give you more information,... more
If the seller doesn't want to lower their sales price I would cancel the sales contract and move on. In this market there really isn't any shortages of homes to purchase. Regretably appraisal comps are being impacted by distressed property sales in the area, which the appraiser does have to account for. Also, from a financing perspective even if you agreed to use a seller second the combined loan amount couldn't exceed 95% LTV so I would wonder on the thought process of including the seller second.... more
Yes you can buy a property that is being advertised as an income investment. The agent is marketing toward investors. However as an agent I have sold many great investment properties to individuals. They live in them 2 to 4 years and then sell them or rent them out as their investment. Teresa Knowles Century 21 The Knowles Team Reidsville NC... more