I have excellent credit but I am not excellent at saving. Do people typically borrow the down payment or do they in fact have to save it? If they borrow what kind of loan is it…personal?
There is an HUD home for around $30000, my husband an i are thought about purchasing, we’d need a mortgage for around $50000. We don’t have excellent credit, can a VA loan help with that? Any other suggestions?
Just to clarify, the house is valued at $78000, but has been on the market for 2 years, which is why the broker has lowered the price to 30000.
but he told me that even if i have excellent credit the best i can get is 6.5 interest rate for a 30 year fixed home loan that then I can buy points or a touch like that to lower my interest rate is that right?
My husband has really excellent credit. He has a 780. Mine is not excellent. I made some mistakes when I was younger. Everything is paid for now but my credit is still suffering from it. We are getting ready to buy our first home and I was curious as to what percentage interst rate we can get. The difference of interest rates is a huge factor as to how much ‘house’ we can meet the deprivation of.
Thanks for any help.