With immediate access to homes as soon as they're put on the market, the broker can save you hours of wasted driving-around time.
He or she will help you figure the price range you can afford and search the classified ads and multiple listing services for homes you'll want to see. A real estate broker will be well-acquainted with all the important things you'll want to know about a neighborhood you may be considering.the quality of schools, the number of children in the area, the safety of the neighborhood, traffic volume, and more.
#AVERAGE MORTGAGE PAYMENT IN INDIANA PROFESSIONAL#
A good real estate professional can guide you through the entire process and make the experience much easier. All the details involved in home buying, particularly the financial ones, can be mind-boggling. Should I use a real estate broker? How do I find one?Īnswer: Using a real estate broker is a very good idea. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office. Also, contact your local government to see if there are any local homebuying programs that could help you. Research buying a HUD home, as they can be very good deals. Contact one of the HUD-funded housing counseling agencies in your area to talk through other options for help that might be available to you. Although as a single parent, you won't have the benefit of two incomes on which to qualify for a loan, consider getting pre-qualified, so that when you find a house you like in your price range you won't have the delay of trying to get qualified. Start by becoming familiar with the homebuying process and pick a good real estate broker. Look in the blue pages of your phone directory for your local office of housing and community development or, if you can't find it, contact your mayor's office or your county executive's office.Īre there special homeownership grants or programs for single parents?Īnswer: There is help available. Also, contact your local government to see if there are any local homebuying programs that might work for you. Start by contacting one of the HUD-funded housing counseling agencies that can help you sort through your options.
Check our listings of HUD homes and homes being sold by other federal agencies.Ĭan I become a homebuyer even if I have I've had bad credit, and don't have much for a down-payment?Īnswer: You may be a good candidate for one of the federal mortgage programs. Then we sell it at market value as quickly as possible. When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home HUD pays the lender what is owed and HUD takes ownership of the home. Answer: HUD homes can be a very good deal. What are "HUD homes," and are they a good deal? Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are In addition, the value of your home may go up over the years. You can also deduct the property taxes you pay as a homeowner.
This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. When you rent, you write your monthly check and that money is gone forever. Common Questions from First-time Homebuyers
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