Home Financing Questions
Senior Member
Joined: Apr 2002
Posts: 365
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From: Woodstock, GA
Re: On-Line Lenders
Originally posted by bobo21bobo
Can lower your beacon score. Everytime you have a Lender run your credit it can hurt you. Try to stick to one lender perhaps someone who has referals from your family.
Can lower your beacon score. Everytime you have a Lender run your credit it can hurt you. Try to stick to one lender perhaps someone who has referals from your family.
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Senior Member
Joined: Jan 2002
Posts: 31,440
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From: The Bluegrass State
The Answers Have Been Right Underneath My Nose...
Well, I feel like a total bonehead. All this time I've been worried about fiancing and, to a certain extent, I still am but, here's the thing.
My wife used to work at a bank in her hometown. She wasn't in the mortgage department and basically stands in my shoes with knowledge on home finance (very little to none) but, with all of the contacts that she has at this very small, local, community-style bank from her hometown, I think we know where we're going to check first.
To add a little sugar to sweeten the pot, her father (my father-in-law) does MEGA-BUSINESS with this bank with his home decorating store/contractor business.
Again, I want to thank everyone for the explanations and opinions. I'm definately better armed with knowledge however, I'm far from winning this war.
RP
My wife used to work at a bank in her hometown. She wasn't in the mortgage department and basically stands in my shoes with knowledge on home finance (very little to none) but, with all of the contacts that she has at this very small, local, community-style bank from her hometown, I think we know where we're going to check first.
To add a little sugar to sweeten the pot, her father (my father-in-law) does MEGA-BUSINESS with this bank with his home decorating store/contractor business.
Again, I want to thank everyone for the explanations and opinions. I'm definately better armed with knowledge however, I'm far from winning this war.
RP
Senior Member
Joined: Mar 2002
Posts: 555
Likes: 0
From: Erie,PA
Originally posted by 36fan
just pay cash and dont finance it at all...
but then you miss out on all of those tax deductions from the interest on the loan!
just pay cash and dont finance it at all...
but then you miss out on all of those tax deductions from the interest on the loan!
Senior Member
Joined: Dec 2000
Posts: 247
Likes: 1
From: Tupelo, MS, USA
If you are a first time home buyer there may be some special rates or grants (free money) to help you out.
Go to http://www.kyhousing.org/programs/homeownership/
and do some reading. Check the income requirments first then check out the rest of the site.
When I bought my first house I qualified for a grant and I got a $3,500 grant. Didn't have to pay back a penny of it. I put no money down and they owed me money at closing. Didn't get the cash they just applied it to the balance of the note.
Hey you pay taxes. Get some cheese if you can.
Go to http://www.kyhousing.org/programs/homeownership/
and do some reading. Check the income requirments first then check out the rest of the site.
When I bought my first house I qualified for a grant and I got a $3,500 grant. Didn't have to pay back a penny of it. I put no money down and they owed me money at closing. Didn't get the cash they just applied it to the balance of the note.
Hey you pay taxes. Get some cheese if you can.
Senior Member
Joined: Mar 2002
Posts: 555
Likes: 0
From: Erie,PA
Originally posted by weadjust
If you are a first time home buyer there may be some special rates or grants (free money) to help you out.
Go to http://www.kyhousing.org/programs/homeownership/
and do some reading. Check the income requirments first then check out the rest of the site.
When I bought my first house I qualified for a grant and I got a $3,500 grant. Didn't have to pay back a penny of it. I put no money down and they owed me money at closing. Didn't get the cash they just applied it to the balance of the note.
Hey you pay taxes. Get some cheese if you can.
If you are a first time home buyer there may be some special rates or grants (free money) to help you out.
Go to http://www.kyhousing.org/programs/homeownership/
and do some reading. Check the income requirments first then check out the rest of the site.
When I bought my first house I qualified for a grant and I got a $3,500 grant. Didn't have to pay back a penny of it. I put no money down and they owed me money at closing. Didn't get the cash they just applied it to the balance of the note.
Hey you pay taxes. Get some cheese if you can.
wish I had been smart enough to do it...
Dana