(My Original Blog Post: http://www.minnesotainvestors.com/blog/4-steps-to-owning-a-home-in-2010/)
Due to the economy, everyone wants to spend less money monthly on bills right now:
Due to Down Payment Assistance, 4.75% interest rates(if you qualify), and a much cheaper housing market...
A home loan saves you more money monthly then:
Renting, Rent to Own, and Contract for Deed as far as, for money upfront, and for monthly payments.
Step #1: Get you up to a 580+ minimum Credit Score right away
Step #2: Allow 1-2 years since your bankruptcy
Step #3: Allow 2-3 years since your foreclosure
Step #4: Get you some down payment money
Let's work together on getting you to these goals, so that you can buy a house.
If the timing has it where you recently have no money, a bankruptcy and/or a foreclosure, then:
A Rental, Rent to Own, or Contract for Deed may be your only choice.
I actually cover each of the above in far more detail through email, to read that:
Please go to:
http://www.ronorr.com
Real Estate Broker
MinnesotaInvestors.com, Inc.
Sunday, April 11, 2010
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