First Time House Buyer (need tips)

texasmojo · 01-04-2012, 06:48 PM

I bought my first brand new home when I was 20. I'm glad I didn't top out my credit and bought the most expensive house the banks allowed me to. Right now I'm 28 and am currently in the process of buying a second home to live in and renting my first one. Just waiting to see if the bank accepts my counter offer then I'm in contract.

texasmojo · 01-04-2012, 10:21 PM

I would advise you guys looking for deals to go to the homepathhomes website and start searching. Only 3% down required, no mortgage insurance required, minimum 660 credit score, and they pay up to 6% towards closing costs. These are foreclosed homes owned by fannie may.

01-04-2012, 06:48 PM	#89
texasmojo Second Lieutenant 13 Rep 223 Posts Drives: 2008 128i automatic Join Date: Aug 2010 Location: DFW Texas, USA iTrader: (0)	I bought my first brand new home when I was 20. I'm glad I didn't top out my credit and bought the most expensive house the banks allowed me to. Right now I'm 28 and am currently in the process of buying a second home to live in and renting my first one. Just waiting to see if the bank accepts my counter offer then I'm in contract. __________________
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01-04-2012, 10:21 PM	#90
texasmojo Second Lieutenant 13 Rep 223 Posts Drives: 2008 128i automatic Join Date: Aug 2010 Location: DFW Texas, USA iTrader: (0)	I would advise you guys looking for deals to go to the homepathhomes website and start searching. Only 3% down required, no mortgage insurance required, minimum 660 credit score, and they pay up to 6% towards closing costs. These are foreclosed homes owned by fannie may. __________________
	Appreciate 0 Quote