If ANYONE has questions, thoughts or concerns pertaining to their either existing mortgage or if you happen to be a FIRST TIME Home buyer, please feel free to contact me and I will do my best to assist you with your concerns. We are a Mortgage Broker that has been serving New England & Florida for 16 years now and Pride ourselves on our Customer Service that we offer. Visit our Website or call anytime
Sir, If You are renting your present house and you want to purchase it, one of ways to achieve it is "Lease/Option", popular: Rent-to-Own. Maybe owners would be willing to finance such transaction (popular: carry a note). Google terms as such: Lease/Option, Rent to Own, Owner Carry. Check the page: www.homeloanlearningcenter.com AndrewS
Almost every community has "private investor" or hard money lenders.
Expect to pay 9 -14% and with a maximum Loan-to-Value of 65%-70% . . . which means . . . you must have a down payment.
Also, IF you use this high cost money, you should be plan to: 1) Buy a home substantially under current market 2) Plan for a way out . . . (sale or refinance)
Look at the total picture of buying now, vesus an agressive savings and credit improvment strategy. Waiting is often better, but, for instance, if you found a home 30% below market, then you risk is lower as your "way out" should be more certain and your upside potential is high.
Ask your attorney friends and accountants if they can refer you to an investor.
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