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Don't know if this has been asked on here yet....
Posted on 10/1/08 at 4:16 am
Posted on 10/1/08 at 4:16 am
Im sure it has, but who gives a shite im asking again..
This bailout crap that is going on.. is this going to make it harder on me as a first time home buyer to get a home loan?
This bailout crap that is going on.. is this going to make it harder on me as a first time home buyer to get a home loan?
4
Posted on 10/1/08 at 4:32 am to Tygerfan
You will pretty much have to do Fannie/Freddie (5% down min) or FHA.
That being said, they tended to be your better options anyways.
It is only harder if you have bad credit or no money
That being said, they tended to be your better options anyways.
It is only harder if you have bad credit or no money
Posted on 10/1/08 at 8:34 am to Tygerfan
quote:
is this going to make it harder on me as a first time home buyer to get a home loan?
it depends on when you buy. Buy soon, and you are ok. Wait a year, might be tougher.
Posted on 10/1/08 at 8:40 am to Tygerfan
If you buy, make sure you buy for the right reasons. Don't expect much appreciation for probably 5 to 10 years. Renting is good idea right now.
Posted on 10/1/08 at 9:20 am to Tygerfan
it's going to make it much more expensive.
Posted on 10/1/08 at 9:50 am to Colonel Hapablap
if you dont qualify then you dont deserve to buy a home. thats one of the reasons we are in this mess now.
if you dont qualify do things to increase your income and decrease your outgo. hell i worked an extra job or 2 til i was nearly 50, but i'm set for the rest of my life now.
both my daughters finished college without any debt.
if you dont qualify do things to increase your income and decrease your outgo. hell i worked an extra job or 2 til i was nearly 50, but i'm set for the rest of my life now.
both my daughters finished college without any debt.
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