Started the process...
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Started the process...
| Thu, 05-10-2007 - 10:03pm |
Well, my neighbor that is a mortgage guy is pulling my credit report and going to call me tomorrow to talk about it...and here it starts, the baby steps to making my way to purchasing a home :) I have no idea what he's going to say, I'm scared and nervous and wondering if I will be able to do it on my own, being a self employed, single-income "family" (just me) but it's definitely past time for this! If anyone has any tips, they are welcome!




Hi reba,
I don't have so much advice as I do encouragement. You go! Buying a house is a very smart investment, one that you will not regret. I bought my own home in 1990 and it's paid for now. Plus the value has greatly increased. And, it's really cute (1938 brick bungalow). There's just no reason to pay rent when you can buy.
The only advice I would have would be to not get an exotic loan (there's a lot of them out there these days) and don't get in over your head. Banks will qualify you for much more than you might think, and some people end up with huge mortgage payments. I say keep those payments as low as possible so you aren't struggling every month.
Is there a particular house you are looking at or are you going through pre-qualifying? Let us know how it goes!