The money i’m spending on rent can go towards the purchase of my very own home. I like the idea of buying a home, paying it off in 15 or 20 yrs and have no mortgage while still working or after i’m retired. I want to use some of my 401-k now as a down [...]

I’m wondering if paying down my credit card debt will allow me to get a better credit rating and better mortgage rate. Or, am I better off saving that money and using it as a down payment on a new home purchase. the answer to that depends on your current credit score and the factors [...]

I spoke with a mortgage broker and he stated we needed to have 2-3% for a down payment on a home or at least this money in reserves. I do not have either and doubt I will be able to save this kind of money. My family cannot help either. HELP!!! I want to own [...]

I spoke with a mortgage broker and he stated we needed to have 2-3% for a down payment on a home or at least this money in reserves. I do not have either and doubt I will be able to save this kind of money. My family cannot help either. HELP!!! I want to own [...]

does anyone know of a mortgage company or bank or whatever that will do no money down home loans i am a first time homebuyer and am really frustrated because so far i cant find anyone to help me out and i dont have money to make a down payment and i know these places [...]

I’m 23 years old, I’m planning to buy my first home. I want to know what % is a good down payment on a home. Also when it comes to buying a home, what else should I be aware of that will be a financial responsibility besides paying the mortgage. Could we use a $200,000 [...]

I understand 20% for conventional etc….but I thought if you were getting a home with 50% loan to value that the equity could stand for the down payment. down payment is based on SALES price. NOT!! value. If you are buying a bank house for 100,000 and it’s value is 150,000. You would have 50k [...]

I have x amount of dollars for the down payment for my first home in cash. If I were to put that into a savings account and then apply for a mortgage, would that look better on me? I was thinking it was a way to prove that I really did have the money instead [...]

Normally, if a home seller helps a home buyer with a down payment, the bank wants to know about it, and will count it against the home buyer when approving the mortgage. But what if the home seller agrees to rent the house back from the home buyer, and pay the rent in advance? Is [...]

My husband and I just got married this month and would like to purchase a home together. However, we had a child young, before we got married, and we have pretty bad credit. We also don’t have a lot of money to put down on a home. We can, however, afford fairly high monthly payments [...]