If you are a first time home buyer without equity, it may be difficult to get a loan. First time buyers should understand that taking on a mortgage is one of the most important decisions you make in your life, and that the corresponding financial obligations are often steep. First time buyers often make the mistake of taking the first home loan offered to them, and this is why so many homeowners are filing bankruptcy, and are experiencing foreclosure and repossession. If you have a bad credit history it will probably not earn you the type of interest rates that are being offered to normal applicants, but the offers will be a good opening to redeem your credit ratings. The lending terms and conditions basically depend on your current financial situation.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment