| First time home buyers, take these 6 steps to aid you | | | | Ok, perhaps you learn you need help with your credit. |
| during this mortgage crisis! The mortgage crisis doesn't | | | | Maybe things in past have not gone so well for you. |
| have to prevent you from buying a home. There could | | | | Don't worry, you can do credit repair by yourself if you |
| never be a better time to buy. Follow these steps to | | | | have the right information. I'm happy to help you here if |
| navigate the crisis and succeed in purchasing that first | | | | this is the case for you. This can be a rather daunting |
| home. | | | | project, but because you're determined to become a |
| Purchasing a new home during the time when most | | | | first time home buyer you're up to the task right? OK |
| people are scared and find themselves holding back | | | | then, let's move on. |
| may seem like a bad idea. I know, you're saying "Wait | | | | FIND A GOOD FHA LENDER |
| a minute, we have a credit crisis how am I supposed | | | | Now you're credit is in decent shape, we need a good |
| to buy a house?" Relax....No doubt, this country is in a | | | | FHA lender. Remember earlier how I said the US |
| mortgage crisis. But YOU are not. Why do I say this? | | | | Government wants people to buy houses? Well, after |
| Because you do not have a mortgage that has gone | | | | all the bank failures in 2008, there is still one good loan |
| into default, or an adjustable interest rate that adjusted | | | | program out there for first time home buyers. The |
| etc....etc....etc.You have nothing to worry about since this | | | | FHA loan has been around for over 74 years now. |
| mortgage mess does not really affect you. | | | | Heck, I bought my first home using an FHA home loan |
| Let's look at the bright side of this. With all the | | | | in 1978. It was great!! The house I bought was a |
| foreclosures, bank failures and credit squeezing going | | | | foreclosed home in bad need of repair. I was fortunate |
| on, you, the first time home buyer are in the perfect | | | | enough to have a builder/realtor that got me qualified |
| storm!! How can you take advantage of this mortgage | | | | for an FHA mortgage, then I purchased the home and |
| crisis? Read on and I'll explain. | | | | he repaired to brand new conditions. Now you can do |
| The very thing the US government wants banks to do | | | | the same thing. I can show you. |
| is lend money to home owners. They even have loan | | | | GET PRE-APPROVED FOR AN FHA MORTGAGE |
| programs where they guarantee the banks against | | | | Once we have our credit in shape, we have found a |
| defaults. Yes FHA has been around for many years. | | | | good FHA lender, now we need to get pre-approved |
| Congress created the Federal Housing Administration | | | | for that FHA home loan. This is a rather simple |
| (FHA) in 1934. The FHA became a part of the | | | | process that can be handled over the phone, e-mail |
| Department of Housing and Urban Development's | | | | and overnight package deliver. Forget DHL, I guess |
| (HUD) Office of Housing in 1965. | | | | they're out of business!! This current economy stinks, |
| The problem is, the banks seem to feel differently | | | | but we still have Federal Express and UPS. Oh yes, |
| about lending money. The lenders are hoarding cash | | | | don't forget the US Postal system! (Not |
| like there's no tomorrow. But, that does not have to | | | | recommended) Don't worry, since I can help you find a |
| stop you. Don't worry, I'll show you what I mean. If you | | | | good FHA lender, we can do this together. Once you |
| qualify, you can get an FHA home loan. | | | | complete the mortgage application process you're on |
| WHO CAN QUALIFY FOR AN FHA HOME LOAN? | | | | to the next step. |
| They can be first time home buyers or it may be their | | | | LOCATE A GOOD REAL ESTATE AGENT |
| second home or whatever. It really does matter. All | | | | During this mortgage meltdown, many real estate |
| you need to do is meet the FHA guidelines as a home | | | | agents have left the trade and gone looking for other |
| buyer. I once thought FHA loans were only for first | | | | income. Guess whose left?? Only the good ones!! Yes |
| time home buyers. That simply is not the case. | | | | any real estate agent left standing during this financial |
| Now you may wonder how I can say this with such | | | | disaster we find ourselves in, is bound to be strong. So |
| confidence. I've been around for some time now. I've | | | | how can you pick one that is REALLY GOOD? Since |
| watched markets rise, then sink and rise again. I'm not | | | | only the cream of the crop is left over you can have |
| some spring chicken here. Mortgage interest rates are | | | | your pick!! Again, I'm happy to help you know what to |
| now at all time lows. Housing prices are the lowest | | | | do here also. You can interview them as candidates |
| they have been in decades. There can be no better | | | | for a job since they will be working for you. Please visit |
| time to buy a house!!! Besides, why not do your part to | | | | my site to learn more. |
| jump start the USA economy. | | | | BUY YOUR FIRST HOME |
| So how do you get started? Here's 6 things to do: | | | | Now we get to the good part. As a first time home |
| 1. Know your credit score | | | | buyer, you're ready to own a home. The selection |
| 2. Repair your credit if needed | | | | process is a stressful thing. However, with the right |
| 3. Find a good FHA lender | | | | kind of help you can know how to tell a good home |
| 4. Get pre-approved for an FHA mortgage | | | | from a bad one, a good deal from a bad deal etc. |
| 5. Locate a good realtor | | | | Once again you need someone on your side in this |
| 6. Buy your first (second, third, etc) home | | | | area also. Since I have experienced buying several |
| I know that all sounds easy. After all, can you really do | | | | homes, perhaps I can help you. Since I'm also a builder, I |
| it in just 6 simple steps? Yes, but there are some | | | | understand home construction. Also I was once a loan |
| important details you need to know before taking each | | | | officer working for a great FHA lender, so I know |
| one of those steps. Let's briefly talk about them one at | | | | mortgages. Especially the FHA mortgage since I |
| a time. | | | | closed millions of dollars in FHA loans across the USA. |
| KNOW YOUR CREDIT SCORE | | | | I'm now retired! |
| This is not all that hard. Did you know you can find out | | | | So who am I now? Someone that can help you |
| your credit score for FREE? One time a year you can | | | | understand the language, the mortgage process and |
| request your own personal credit report. You must do | | | | such. If you need further information I put together a |
| this first!! Once you have that report in hand, you might | | | | website loaded with details on all 6 steps. I offer tons |
| discover a few things you did not know or like seeing | | | | of free reports etc. to help you make an educated |
| on there. Thus you may find yourself in need of credit | | | | decision. There has never been a better time for first |
| repair which is a whole other topic I'll write to you later. | | | | time home buyers. Everything is in your favor. Take |
| This is where you start no matter what. | | | | advantage of the mortgage crisis and purchase your |
| REPAIR YOUR CREDIT IF NEEDED | | | | first home now. |