Home loan!

[ThePunisher95]

Oh yeah I forgot you worked their!! You working Saturday?

[chewbaccajones]

Actually FHA is the way things are going now and probably will be for at least the next year. My wife and I are both in the biz. PM me if you like.

[AZSonicSnake]

FHA loans are hard to come by right now because of the economy right now. alot of places are asking for people to put down a chunk of change in order to get a loan through them. you know i work for desert schools so just hit me up and i'll give you the number to our mortgage guy and he should be able to answer all your questions. he's a cool guy and doesnt mind helping people out.

you work there too? my wife works for Desert schools also.

[crazy ray]

Make sure that it's a fixed rate. Alot of people are having their homes foreclosed on because of the adjustable interence rate.

[xecutioner]

no i dont work on saturday but i can get you the number so you can call that guy.

[ThePunisher95]

Text it to me

[wickedcobra]

FHA loans is a gov't loan if Im correct. Im sure most lenders can take care of that for you. Even theough the economy is bad, it is easier to buy a house vs. refinance. You should be able to do it with little or no money down. But Im not in the biz so maybe the boys who are could help more. I have learned a few things over the past years....

[CDW63]

Actually FHA is the way things are going now and probably will be for at least the next year. My wife and I are both in the biz. PM me if you like.

I was wondering if you were going to pipe in on this topic.

[SuperDust22]

It depends how much the house is your are gonna buy. Being a first time buyer you should be able to get an FHA loan, there is a cap on how much you can borrow. I think it has been recently raised to about 180K. You should be able to get in a house on a FHA loan with zero down. If you dont have 20% down you will end up with PMI (premium mortgage insurance) will cost you about $100 extra per month but it will be in your payment.

I have had my last 3 house with country wide. Im on a 30 year fixed. Country wide has been easy to work with. If you buy a house at 150k for 15 years it will carry a steep payment. My suggestion is just do a 30 year. Set yourself up on a biweekly payment so you are making the extra monthly payment every year and it knocks off about 6 years on your term. Then pay extra if you happen to have the extra money.

He hit is on the head pretty good. I work for compass bank and we have a real good mortgage guy that I could get you into contact with if you want help on getting the ball rolling. Give me a call

Dustin Botkin
Compass Bank
480-783-6850

[chewbaccajones]

I was wondering if you were going to pipe in on this topic.

Yep, I may not be able to talk about which auto transmission will swap right into a Terminator but I know a thing or 2 about this subject.