efore you start looking
for a home, figure out what Make a separate list of the
you can realistically things you want. Wants might
afford to pay per month. Check include things like a pool or hot
out the market in the area you tub, a walk-in closet, wooden
want to buy. Find out what price floors, a deck, or a certain type
houses are going for and what the of architecture. It would be nice
payments are per month. Remember if you can find a home with some
that you may end up paying a of your wants, but to begin with,
little more per month than concentrate on finding a home
someone with a conventional bank that meets your needs. Often many
loan, so keep that in mind as you of these things can be added to a
figure out what you can afford. home later.
You are going to have to work Also make a third list of things
harder to find a home you can get you absolutely do not want in a
without a loan. You will have to home, such as: too many stairs to
shop around more. So, concentrate climb, a fixer-upper, certain
on your needs in housing before areas of town you dislike, a
your wants. Make a list of the location too close to a freeway,
minimum that you will accept in a or a location too far from the
house. Only write down your center of town.
essential needs. Do you have to
have three bedrooms or can you You may not be in a position to
make do with less? Do you have to be too picky. Perhaps you can
have a two-car garage or will a make do with a smaller home for
carport do? Do you have to have a now, while you establish your
single story home for health credit and get equity in the
reasons? How close do you have to smaller home. Then you will be in
be to a school? a position to trade that home in
for a bigger home.
From the book "Buying a Home When
Re-establishing your financial You Have Bad Credit-- 12 Ways to
footing is not as difficult as it Purchase a House When You Can't
used to be, but it is impossible Get a Home Loan" by Alexis Dey.
if you attempt to buy more house "© 2005-6 Mohave Publishing. All
than makes sense. Be rights reserved.
conservative! http://I-can-buy.com
About the Author:
For more ideas on how to buy a house when you can't get a home loan, look for our exclusive FREE e-book, "Buying a Home When You Have Bad Credit," which can found only at http://I-can-buy.com. Check it out now!
Source: www.isnare.com
