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Kathleen Ennis's Advice

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Kathleen Ennis wrote:

I'm a first time home buyer with not that much good credit so what do I have to do for 1st home

Answer
You can also contact Continental Credit out of Colorado who will help you improve your credit and also tell you which credit cards you should secure to get more credit.  This may be a slower way, however, once you have done this not only have you increased your FICO score to buy a house, but you get better interest rate, you could purchase a car, new furniture, etc.  Set yourself up for success!  It will help you out in the long run.
October 11 2011
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I am a first time home buyer and do not know where to begin can you help?

Answer
Hi Jim,I would have to agree with SoCal, you do need to do research.  Here in Stockton we have CalHafa where there is down payment assistance for first time buyers.  There are only specific loan officers that are qualified to do thes loans, and you have to jump through some hoops, but it helps with down payment assistance.  Now, you can also ask for downpayment assistance from the seller by asking in the offer. If the offer is accepted then the seller is willing to give you assistance.  When you have decided that you have researched enough and are ready to talk to a lender make sure you interview at least 3 loan officers from three differen banks or mortgage brokers to see what they can offer you.  If you are unsure which lenders you should talk to, contact a REALTOR who can direct you to a few that they have worked with and know will take care of their clients. 
October 11 2011
(0)