If you yearn to be a home buyer but have been turned down by mortgage companies in the past … read
this post. If you have a good income but haven’t been so great with paying your bills on time or have overextended yourself on credit cards … read this post. If you have a yearning for knowledge and like to learn … read this post.
Today’s post is a little inspiration for aspiring home buyers with bad credit and debt.
Downpayment assistance doesn’t have to be the only ticket to homeownership. A good plan and a steady hand can help to set you on track and get you to the closing table. “It used to be you tried to save three percent to put down on a house,” Diana Glasier, Senior Loan Officer at National City Mortgage, informed me.
During the last five years or more, it has become increasingly popular for home buyers to get downpayment assistance from grants or first-time home buyer programs like AmeriDream and Nehemiah. Now that those programs are going away, does this squelch homeownership for real estate buyers? Glasier believes it will take some people out of the market, but there are other options. (more…)