Buying a Home with Bad Credit is Still Possible
“Put aside your fears. Just because you have gone through foreclosure, filed bankruptcy, or have had bad credit, it doesn’t mean that you won’t be able to buy your own home. The only difference over someone who has good credit is that you’re going to pay more,” says Elizabeth Weintraub (30 years in real estate industry practice). The factors that will make it easy for you to purchase a home include a great loan, talented lawyer, and a good real estate agent to represent you. Don’t be intimidated with the process of buying a home with bad credit. It only involves the following: Cleaning your record Pay back your old debt and eliminate mistakes that might be present in your credit score. Although these steps will not immediately impact your home purchase, it might be put to good use in the future. Some Federal Programs or brokers will overlook your…
Home Buying Tips before Buying your First Home
First of all, you need to weigh all pros and cons before buying a home. And once that major hurdle has passed, you can now be focused. Almost 80% of home buying tips come from the internet. Aside from this, you can search through a lot of online listings, photographs (such as aerial shots of homes and neighborhood), and even virtual tours. Then, you should come up with specific goals and define what you want (like the home type and neighborhood you like). Surely, by the time that you talk to your agent, you are already halfway to owning your home. Scrutinizing the Physical House If your real estate agent is good, he will listen to your needs and wants in order to arrange and show only the homes that will fit your defined parameters. Also, your agent needs to preview the homes before you see them. Don’t expect to…