home buyers guide

Day after day We read about government spending, but we do not realize that we could be eligible to receive some of that money. Free Money What is free money? Usually it means grants or other programs where you don't have to pay back the money you receive. How do you find the money? This is the biggest challenge to those that think they might qualify for money for a home in some way. But the key to getting this money is not a secret. If you are an organized person who can follow instructions, you can find money to help you purchase your home. How to start: Start by choosing one or more sources from this guide and start making your contacts. If you are not able to find a certain source, go to your Library and take a look at the Catalog of Federal Domestic Assistance, this is basically an index of all Government programs and is updated every six months. Next, Start making contacts by either calling or writing to them and asking for all the information for the agencies criteria. At first, do not ask too many questions on your first request. Keep your request strictly to asking for applications and guidelines. If your contact tells you they cannot help you, just ask if you can be referred to an agency that can. They may or may not know. Not everyone knows what the government has available. In order to make the right contact it may take a few phone calls or letters. Don’t make any enemy's in your pursuit. It may look like your getting the run around, but the only way you can succeed at this is to be friendly and offer an upbeat attitude to everyone you talk to. How Much Home Can You Afford?

The first step in the home-buying process is to determine how much home you can afford. Lenders use certain criteria to determine this amount and you will learn what they are. After all, you don't want to be wasting your time looking at 150,000 dollar homes when what you can afford is a 100,000 dollar home. But don't worry, our guide will also show you how to get the most home for your dollar as well. Keep in mind that just because you qualify for that amount, it does not mean you can afford to be comfortable with those monthly payments. You need to consider your particular circumstances and your future financial needs and goals.