I want to buy a house and I need a pre approved letter from a bank or mortgage broker, how do I shop around? My concern is that the will have to run my credit to see what I quilify for before they do anything, correct? However,shouldn’t that hurt my credit score?. Should I first request to get their rates before the run my credit so that I can compare?Read More
buying tagged posts
I am required to sine a contract from Fannie Mae to pay their closing, what does this mean and how much could this be. I chose to finance usuing the USDA rural development loan program and am not sure if I can finance these costs into my loan. Is this a bad deal?Read More
What kind of costs will come out of your own pocket when buying a house our Realtor said that closing costs and escrow fees will come out of our own pocket and are not included in our loan is this true or what can we do to get it to come out of your loan and what other fees are there?Read More
My fiance and I are trying to find and buy our first home. We are getting married in March and would like to have a home of our own. We are both fairly young and do not have a large income. He has taken on the responsibility of raising my two daughters with me and is our main source of income. We know there are ways out there for low income families to buy homes but have not been successful in finding those sources on our own. Rent in our area is very high so we are currently living with his parents. We would greatly appreciate all suggestions or help anyone can give us!!!!Read More
The RD loan is known as the zero down mortgage. RD stands for rural development and this is a government loan that is great for first time home buyers, especially in Michigan. For more information visit us at www.mihomebuyingprocess.com. The RD loan is known as the no down payment mortgage.