| How can you start an agressive home buying plan? | | | | building I do not own? I might have to pay a higher rent |
| This is reality and cannot be overlooked. The following | | | | after one year; I don't have any place to plant my |
| information is no fairy tale. If you are serious about | | | | tomatoes;I don't have any place for my buddies to |
| buying a home, just understand the situation you are | | | | park for the Sunday football games. And what are my |
| currently in and ask yourself the following questions: | | | | chances of getting the security deposit back? |
| Do homes appreciate in value? | | | | B. Would I be interested in having control of a $200,000 |
| Can I persuade a bank or lending institution to provide a | | | | investment where I would only have to put the closing |
| mortgage given my present credit situation? | | | | costs down (which is less than the amount required to |
| Will the US Government give us the money to buy a | | | | move into an apartment in most cases)? How about |
| home with our credit the it is? | | | | the fact that the US Government will provideme/us an |
| How serious am I about buing a home? | | | | opportunity to resolve our credit isues,and if we prove |
| Studies conducted by HUD and the FHA concluded | | | | we're serious we can get a Federal Housing |
| that most Americans are deprived of home ownership | | | | Administration guarantee that will provide for the lender |
| because of credit issues and not due to not having | | | | the assurance that the loan will be paid back? It has |
| enough money for a down payment. With that in mind, | | | | never been easier to purchase a home than now. |
| compare these two scenarios: | | | | In my next article I'll continue with your home buying |
| A. Why would I give an apartment house a couple | | | | plan and how you can take further advantage of the |
| thousand dollars for the privilage of moving into a | | | | FHA's generosity. |