Page 2 of 2

Need step by step on buying our first home

Original post by LuckyMe

Thread views: 2,451

Helpppppppppppp! Never bought a house before obviously so we don't even know where to begin. Anyone who has the patience to help please FM me? What happens if credit isn't the greatest I know people can still get a mortgage, right?

jantany26 Thread views: 2,451

Re: Need step by step on buying our first home

in terms of mortgages, which would be the best if our credit is not that good?

103005FallBride Thread views: 2,451

Re: Need step by step on buying our first home

This is great! Definitely one post I'm saving for after the wedding... $$$$ <---Why doesn't it grown on trees!

wilandnet Thread views: 2,451

Re: Need step by step on buying our first home

WOW! This thread is great! Thanks to everyone who been through it providing some great feedback.

Danielle&Scott Thread views: 2,451

Re: Need step by step on buying our first home

What should you expect if you are dealing directly with the home owners? Lets say you are buying a for sale by owner. Do we still need a lawyer or do we deal directly with the bank and the mortgage broker? Danielle and I have no idea.
Thanks,
Scott

Eireann Thread views: 2,451

Re: Need step by step on buying our first home

Yes, Scott, you still need a lawyer. We are in the process now of buying from the homeowner...luckily DH is a real estate atty!

Danielle&Scott Thread views: 2,451

Re: Need step by step on buying our first home

Ok cool. I figured we would still need a lawyer. Now to find a good lawyer that wont rip us off.
Scott

bridget&jimmy Thread views: 2,451

Re: Need step by step on buying our first home

I know a very good lawyer if anyone needs one, we have used him in the past and he is great.

Danielle&Scott Thread views: 2,451

Re: Need step by step on buying our first home

Well we got a mortgage broker, a lawyer and an engineer too. I wrote down a bunch of things I want the engineer to check out.

Now to put in the offer the owner wants. We are going to make a decision this week...Its sooo stressful.
Scott

melijane Thread views: 2,451

Re: Need step by step on buying our first home

If you do not have good credit try for an 80/20 mortgage. No down payment your first should be somewhere in the 6's and the second will probably be 8-9%