Buying a forcloser but not sure what kind of mortagage I should find and the worlds telling me I can there's not such thing in today's market anyone have a clue what I have to do or find to make thing place mine
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Buying a forcloser but not sure what kind of mortagage I should find and the worlds telling me I can there's not such thing in today's market anyone have a clue what I have to do or find to make thing place mine
There are dozens of ways to own a home, normally you will want to work and be sure to have good or at least not poor credit. You will want to save up for a down payment.
Buying at a bankruptcy or foreclosure sale is great, esp if you have a line of credit where you can get money to pay for a home at the actual sale,
After the sale, normally someone is still making money on it and it is less of a deal.
Also look into buying a house with needed repairs, often a better deal. Stupid paint colors, bad room layouts can often elp you.
A fixed mortgage is best if you are going to keep the home more than a couple of years.
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