Boat Loan Prices
eastate need real advice. active short sale is a good thing or bad? ?
looking to buy my first house. not be familiar with the process or terminology i am not sure of the things to avoid. 5 years ago when I moved to this city the average price was 250 at home two years later, shot up to 450 Now, suddenly, back to 250 I do not want to wind up in the same Boat as thousands of others are in a losing home to foreclosure. I am interested in the house active in a short sale. Not sure what that means. is better or worse than a bank owned property? almost all the houses I look at selling the bank is owned or short acting. or is it a good opportunity for a first time buyer? and more importantly what kind of loan do I avoid that I did not lose my house, in some years? I wonder what my payments will be no changes to them. ever. There is such a loan? is that a secured loan? also what is equity? much obliged
You need a help of a realtor or mortgage broker.Ask how this interest rate and compute it if you can afford the payments.Ask monthly if they will pay closing cost and see if you can ask them to update a part of house.Fixed is that you are paying in interest and I'm principal.I sure that the banks want to get back their invested money from the house and they do not want to own them.You can go for 30 or 40 years to pay, then your monthly payment goes down and you want to pay the house immediately? I hope that luck help.Good homes and begin the hunt.
