Mortgage Prices, Cost of living, etc

Mortgage Prices, Cost of living, etc

Keep in mind that your credit rating, your down payment, the type of home, the cost of the home, and the area you live in are all debating factors to what your house payment is going to be. The same house plan in Los Angeles, CA is going to cost the same person

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  1. #1
    herberkids3
    Guest

    Default Mortgage Prices, Cost of living, etc

    Keep in mind that your credit rating, your down payment, the type of

    home, the cost of the home, and the area you live in are all debating

    factors to what your house payment is going to be.



    The same house plan in Los Angeles, CA is going to cost the same person

    a LOT more than it would in Lansing, MI, for instance. The reason

    being, the cost of living in LA is MUCH higher than in MI.



    But that said, the person applying for it, the type of loan they get,

    the amount of down payment they have, their credit history, the size of

    the house, the value of the house, the land, even the neighborhood are

    all going to factor into what you end up paying for that house on a

    monthly basis.



    I say this because so many people are surprised at how little some


    people are paying on a mortgage. It isn't -just- the city or state a

    house is in that affects what a person pays.








  2. #2
    dnawalker
    Guest

    Default Mortgage Prices, Cost of living, etc


    <FONT face="Arial Narrow"><<<But that said, the person applying for it, the type of loan they get,
    the amount of down payment they have, their credit history, the size of
    the house, the value of the house, the land, even the neighborhood are
    all going to factor into what you end up paying for that house on a
    monthly basis.<<<
    <FONT face="Arial Narrow">
    <FONT face="Arial Narrow">When we were first trying to purchase this house, my husband had bad credit and I had good credit (with no job). Therearelocal programs offered by our city which offer assistance to first time homebuyerspurchasing homes within the city.One of the programs helped to supplement the interest on the loan if you made below a certain amount, so we ended up with a loan at 5.6%. The other program helped with down payment assistance. Without these programs, we would have been unable to afford our home.
    <FONT face="Arial Narrow">
    <FONT face="Arial Narrow">
    <FONT face="Arial Narrow"><<<I say this because so many people are surprised at how little some
    people are paying on a mortgage. It isn't -just- the city or state a
    house is in that affects what a person pays.<<<

    That's true. There are alsomany programsin existenceout there to help people that want to be homeowners.We did not find out about the programs that assisted usuntil after we were trying to buy a home. The mortgage broker did the work for us. Check with your local city government and state agencies to see what programs are available, if any, for homebuyer assistance. You may be pleasantly surprised.


    April



 

 

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