It really all comes down to meeting with a mortgage consultant, who can analyze your situation based on your income, credit scores and risk tolerance as to which type of mortgage would be best for you. I would recommend talking with Rick Pilger of Union National Mortgage. Rick's been in the mortgage business around 20 years and has done a great job for my clients over the years. Give him a call at 513-234-4987 or firstname.lastname@example.org. It's always good to get a couple of opinions. Also, don't start looking at any type of home until you've been pre-approved. Don't let a Realtor talk you into looking first. Also, be very careful about considering foreclosure homes. Many times they need a lot of work and are being sold 'as-is', so if you don't have money in reserves for repairs, then I'd look at homes that are in better shape. Good luck!
Educate yourself as much as possible about this process.
Yes, as long as you don't have a recent foreclosure and filed bankruptcy in recent time too. You can email me directly at email@example.com or call me at 513-253-7156 for more details. I can forward you to a mortgage specialist that can let you know what the amount is that you can buy? That is the question, how much is the amount you will be approved for? There are also rehab loans available to help with buying distressed homes. I look forward to helping you.
The Cincy House Expert
They will be able to use a little more than your wifes income as a number because she does not pay income tax on her income.
Forclosed or lender owned are a hot topic right now. You need to have low expectations when you view the homes. I am working with a few buyers looking at lender owned and HUD homes and they get very surprised at the difference between the photo online and reality when they get there.
You can go to my website to search for homes in the area if you like and you may contact me if you would like to talk to to a lender that is very familiar with the State of Ohio First time Buyers Program.
Thanks a lot.
There is a new group formed in Ohio, they have been around for over 17 years. They're goal is to help first time buyers and people like yourself obtain the correct lending to avoid the foreclosure and bankrupcy crises down the road. I attended one of their workshops this past weekend and they have advisors who will help you get into the correct loan. I will be happy to give your name and number to one of the representative or give you firsthanded their information. If you would like that information, please contact me at 440 341-9100. I do not want the info to go public as I have a working relationship with one of the representatives and most agents are unaware of this.