You don't necessarily have to have an extensive history of good credit to be approved for a mortgage loan. It is possible to find mortgage financing with little or no credit history (no credit financing), but it's going to make your quest for homeownership a little more challenging. The following are five things you might want to do if you'd like to buy a home as soon as possible but you don't have a credit history:
- It happens to many homebuyers at some point. You fall in love with a house only to find out someone else has already put an offer on it or it's not for sale at all. However, just because a home is not on the market doesn't necessarily mean you can't buy it. Here are your options for purchasing a home that seems unavailable. Inquire About Selling There's nothing written in the rules that says you can't approach a homeowner about selling their home if it's not listed for sale.
- If you are looking for a house to buy and come across some that are in communities with homeowner's associations (HOAs), you might be hesitant to look at these homes, simply because there will be extra fees to pay each month. While this is true with HOAs, there are three important ways living in a community like this can benefit you and your family. Communities are taken care of
- When it comes to putting up real estate for sale, you want to make sure you do certain things to help it sell fast and for a fair price. If you have a home that needs a lot of work and you are on a limited budget, then it may be best to sell it as is to an investor. Let them buy it, fix what needs to be done and make the profit.
- If you're looking at homes for sale, you may be focusing primarily on the interior -- after all, that's where you're going to spend a lot of your time. But yards can tell you a lot about a property, too, and they may end up becoming a deciding factor if you have pets or children. Here are a few of the major things you should always look at when at an open house.