Get a better understanding of debt and lock into wealth building...that's a good first step.
Research on http://www.HUD.gov
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try and put some money in bank each week it will add up fast in a savings account.
If you haven't got a lot a money a family memeber can gift you some towards the purchase of your home so you downpayment will be easier to handle. make sure you have your income tax for 2 yrs 3 yrs is best. In less than 6months if you follow this your credit will rise to hopefully a number that will get you a loan to buy a home.
All the Best
Dave & Lisa
ps if you have collection you can usually settle them for 50% of the amount or less.
Come up with a plan to improve your credit,...then save money so you have a cushion, regardless of what you do next.........then, depending on your financial situation, decide if buying is better for you than renting.
Chuck Green, Realtor
Keller Williams Reralty
You do need to be cautious withe owner financing. Unless they own the property free and clear, they are legally not allowed to transfer title without satisfaction of their current mortgage.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
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