first time home buyer – owner loan

Dennis asked: I am a first time Home buyer, and my Loan Officer is confusing me about an 80/20 and an FHA Loan. To anybody familiar with these terms, can somebody explain it to me what these two types of Loans are? And which would be advantagous on my part. Thank you.Tim

Jeff Ragan asked: A first time home buyer checklist is a quick reference to remind you of the steps you need to take, questions to ask, or other vital information you should remember. There are several checklists out there to help first time home buyers. For example:First Time Home Buyer Checklist This is a list [...]

tpattcredit asked: I got a first time home buyer qualification with my bank at a rate of 7.5%. Our home will be between 110,000 and 120,000 and will be new. Is this a good rate for a first time buyer? It’s a 0 down loan also which is mainly what we need.Claude

tangting_01 asked: I sold my old place on 5/17/06 and bought a new one this year on 5/23/09.
Do I qualify as first time home buyer since I didn’t own a house for 3 years?Javier

Roy Landers asked: The subprime mortgage real estate fiasco has created a glut of residential real estate in the real estate market. Foreclosures are on the rise and it doesn’t look like the end is in sight for at least another year. Thousands of home owners are losing their homes because adjustable mortgage rates have [...]

Joey E asked: Me and my wife are planning to purchasing a home (we are first time home buyers) from my brother-in-law’s brother. Part of the purchase will be made using some money my dad has set aside for me. The money that will be used is not an inheritance because my dad is still [...]

Jennifer Stromsteen asked: According to a survey conducted by Harris Interactive, commissioned by Move, Inc. and released today, about 44 percent of all home buyers feel that the housing market will improve with a new President taking office. At the same time the majority of home buyers are nervous about the housing market and report [...]

Greg Roy asked: In our modern world credit cards have become virtually a necessity. Consumers cannot book an airline flight without a credit card. Nor can they rent a vehicle without one. And while it is possible to make purchases online without a credit card, it is time-consuming and a hassle.While the vast majority of [...]

htlstyone asked: My fiance and I are wanting to buy our first house. We have heard about first time home buyer loans and that some of loan 100% with no money down. Is that true? If so where do we ask about it? At a bank or what? I dont know the first thing about [...]

Stacy B asked: I am currently in the process of house hunting and have been pre qualified for a FHA Loan. I am a first time home buyer with good credit and a good job. However, I just found out that I will be laid off in two weeks. Can I still get a loan [...]