If you’re in breach of lease your landlord can fine you and in the worst case scenario will begin an eviction procedure. An eviction will damage your credit and thus make it hard to get a home loan or other types of loans. Keep control of your finances so you don’t make life more difficult for yourself later…
Even if you don’t think you qualify for a home loan don’t give up hope on owning a home. FHA Loans can help you get a home loan if you can’t afford a down payment or don’t qualify for mortgage insurance. Look into FHA Loans today ad live your dream! CM
When you set out to get a home loan make sure you’re prepared, especially if you’re a first time home buyer. It’s a detailed process and can be a real test of patience even for an experienced home buyer. Getting a home loan isn’t always easy but it’s worth it in the end. CM
Another option when getting a home loan is an equity mortgage. With this type of mortgage the lender will offer a better interest rate in exchange for a share of the profit when the home is later sold. Doing this may just help you get a home loan at a much lower rate then you though…