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	<title>Comments on: How would the first time home buyer program work if I am?</title>
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	<description>blog for first time home buyers</description>
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		<title>By: towanda</title>
		<link>http://firsttimehomebuyer.info/renting-real-estate/how-would-the-first-time-home-buyer-program-work-if-i-am/comment-page-1/#comment-78</link>
		<dc:creator>towanda</dc:creator>
		<pubDate>Sun, 26 Jul 2009 03:57:00 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Gene&lt;/a&gt;


I&#039;m not sure but here&#039;s something else to think about.  Usually first time home buyer programs are for 30 years.  That&#039;s a long time and a lot of interest.  If you buy a reasonably priced home, it may be better to pay it of with a different type of loan in 20 years.  I would not buy a home anyplace I had not lived to be sure I was buying in the area I really wanted to live in and that all the amenities I wanted were available nearby.  It was also very important to me to be either close to work or close to a highway that could get me moving quickly so I wouldn&#039;t be stuck driving to and from work so much.  Heavy traffic can be difficult to judge until you live there and find out where the traffic jams are.</description>
		<content:encoded><![CDATA[<p><a href="">Gene</a></p>
<p>I&#8217;m not sure but here&#8217;s something else to think about.  Usually first time home buyer programs are for 30 years.  That&#8217;s a long time and a lot of interest.  If you buy a reasonably priced home, it may be better to pay it of with a different type of loan in 20 years.  I would not buy a home anyplace I had not lived to be sure I was buying in the area I really wanted to live in and that all the amenities I wanted were available nearby.  It was also very important to me to be either close to work or close to a highway that could get me moving quickly so I wouldn&#8217;t be stuck driving to and from work so much.  Heavy traffic can be difficult to judge until you live there and find out where the traffic jams are.</p>
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		<title>By: Am</title>
		<link>http://firsttimehomebuyer.info/renting-real-estate/how-would-the-first-time-home-buyer-program-work-if-i-am/comment-page-1/#comment-77</link>
		<dc:creator>Am</dc:creator>
		<pubDate>Sat, 25 Jul 2009 15:44:02 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Juan&lt;/a&gt;


It will not work, the only thing you will get out of it is learning about home buying. To qualify for State aid in getting a house through the First Time Home Buyer Program you need to buy within your State and County. Whatever county you take the 3 day course in is the county that you will be able to get the house in. If you change your mind you will need to wait 3 months and take it in another county. i believe you need to be a resident of that State, so try renting first in the State you want to buy the house in, and then go to one of those programs.</description>
		<content:encoded><![CDATA[<p><a href="">Juan</a></p>
<p>It will not work, the only thing you will get out of it is learning about home buying. To qualify for State aid in getting a house through the First Time Home Buyer Program you need to buy within your State and County. Whatever county you take the 3 day course in is the county that you will be able to get the house in. If you change your mind you will need to wait 3 months and take it in another county. i believe you need to be a resident of that State, so try renting first in the State you want to buy the house in, and then go to one of those programs.</p>
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		<title>By: CommonCents</title>
		<link>http://firsttimehomebuyer.info/renting-real-estate/how-would-the-first-time-home-buyer-program-work-if-i-am/comment-page-1/#comment-76</link>
		<dc:creator>CommonCents</dc:creator>
		<pubDate>Sat, 25 Jul 2009 05:52:59 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Geraldine&lt;/a&gt;


Briefly, you usually need a 2 year job history in the same field, and a decent credit score. It helps to have some money in the bank or retirement accounts, and a down payment of at least 5% is going to help you too. You also need a clean rental history of ontime rent payments.

There are a whole bunch of other factors that go into qualifying for a mortgage.
 There are hundreds of different loan programs.

 Get your situation as good as possible before you move, but if you are changing careers, you may need to rent for awhile.</description>
		<content:encoded><![CDATA[<p><a href="">Geraldine</a></p>
<p>Briefly, you usually need a 2 year job history in the same field, and a decent credit score. It helps to have some money in the bank or retirement accounts, and a down payment of at least 5% is going to help you too. You also need a clean rental history of ontime rent payments.</p>
<p>There are a whole bunch of other factors that go into qualifying for a mortgage.<br />
 There are hundreds of different loan programs.</p>
<p> Get your situation as good as possible before you move, but if you are changing careers, you may need to rent for awhile.</p>
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