Zillow Advice: Home Buying - Where should I start? http://www.zillow.com/advice-thread/Where-should-I-start/389110/ Zillow Advice | Zillow Real Estate get the name and phone number ... http://www.zillow.com/advice-thread/Where-should-I-start/389110/ <p>get the name and phone number for a mortgage person recommended from a friend or family member- and just&nbsp; get pre-approved.&nbsp; it does't cost you anything, and as long as you are not letting several lenders run your credit, it doesn't hurt anything!&nbsp; They can answer all your ques!tions and will help you get started to owning your first home!&nbsp; Best of luck to you</p> Fri, 04 Mar 2011 03:33:00 GMT http://www.zillow.com/advice-thread/Where-should-I-start/389110/ 2011-03-04T03:33:00Z Have you tried running your ... http://www.zillow.com/advice-thread/Where-should-I-start/389110/ Have you tried running your own credit online? You need to know what your credit score is in order to know what direction to take. Do you have down payment money? If not, you may need to apply for a rural housing loan. This means finding a home in a rural area, according to the USDA. Your home mortgage payments do not need to exceed 29% of your take home pay. Fri, 04 Mar 2011 02:00:00 GMT http://www.zillow.com/advice-thread/Where-should-I-start/389110/ 2011-03-04T02:00:00Z Great links from Dan. You ... http://www.zillow.com/advice-thread/Where-should-I-start/389110/ Great links from Dan. You might also be able to use a budget calculator&nbsp;<a rel="nofollow" href="http://www.oprah.com/money/Suze-Ormans-Monthly-Expense-Budget-Calculator">here</a>&nbsp;to track your expenses to see how much you can really afford every month. Mortgage calculators are helpful too, but your monthly budget is not what the lender says you can afford, it is what your spending habits are and what you can really afford that counts.<br/><br/>It is also important to see where your market has been so you can try to figure out what represents real value in where it might be going. This site is good for the big picture&nbsp;<a rel="nofollow" href="http://www.housingbubblebust.com/">here</a>.<br/><br/>Also, can look up fair market rent for your area&nbsp;<a rel="nofollow" href="http://www.huduser.org/portal/datasets/fmr/fmrs/FY2011_code/select_Geography.odn">here</a>&nbsp;from HUD to make see if your proposed mortgage amount, plus taxes &amp; insurance (PITI) will be close to rent for your area. Keeping your PITI close to rent gives you much more flexibility even if the market still has some correction left to go.<br/><br/>Zillow is a great place to ask questions and get opinions. Thu, 03 Mar 2011 02:07:00 GMT http://www.zillow.com/advice-thread/Where-should-I-start/389110/ 2011-03-03T02:07:00Z Step one is determining your ... http://www.zillow.com/advice-thread/Where-should-I-start/389110/ Step one is determining your eligibility towards getting a mortgage. Most lenders now want a 640 or higher fico score. For FHA loans 3.5% down is needed. There will also be closing costs. <br/><br/>The real first step is to determine if renting or buying will be beast for you. The blog below shows how to figure this out.<br/><a href="http://www.trulia.com/blog/dan_chase/2010/01/does_it_make_more_sense_to_buy_or_to_rent_look_at_the_numbers_and_decide_for_yourself" rel="nofollow">"Does it make more sense to buy, or to rent? Here is the way to find out for sure."</a><br/><br/>Sometimes for some people even paying a slightly higher monthly rental payment is the best way to go. For a very different perspective read below.<br/><a href="http://www.trulia.com/blog/dan_chase/2010/02/why_rent_if_you_could_buy_for_less_money_valid_reasons_inside" rel="nofollow">"Why rent if you could buy for less money? Valid reasons inside."</a><br/><br/>Once you have decided that buying is the best thing for you the blog below shows the basics of buying a house. <br/><a href="http://www.trulia.com/blog/dan_chase/2010/01/its_your_first_home_and_you_are_looking_for_something_but_not_sure_where_to_start_to_look_or_get_loans" rel="nofollow">"Its your first home and you are looking for something but are not sure where to start to look or about loans."</a><br/><br/>You will need money for a down payment and more besides. This shows some ways to save money that work very well but really crimp your lifestyle if taken to the limit. You can not save and spend the same money after all. It is a sacrifice to reach your goals regardless of what they are.<br/><a href="http://www.trulia.com/blog/dan_chase/2010/01/how_do_i_get_a_down_payment_to_buy_a_house_the_ideas_below_worked_well_for_me_they_could_help_you_also" rel="nofollow">"How do I get a down payment to buy a house? The ideas below worked well for me. They could help you also."</a><br/><br/><br/>If those were helpful look at <a href="../../../profile/the_country_hick/" rel="nofollow">my zillow profile</a> for more useful home buying blogs. Some things you will not find from most realtors if any.<br/><br/><br/><br/> Thu, 03 Mar 2011 01:54:00 GMT http://www.zillow.com/advice-thread/Where-should-I-start/389110/ 2011-03-03T01:54:00Z