According to the Foreclosure & Home sales today how much the credit & finance will effect the new home buyers?

we never owne a home before newly family looking to buy one but small credit cards debt less than $2500 but big student loans topayoff about $30,000 would this will preventing us to own one?

RustyAngel, what I always suggest to people asking here, we have no way of knowing your total financial picture and it would be in your best interest to talk to the professionals. Please discuss these matters with several lenders in your area. I caution folks against Internet companies because there have been some real scary things happening lately. And frankly if something isn't right with my mortgage, I want to be able to confront the person face to face. ok? So visit several local lenders, see which programs work best for your financial situation and choose the best one. Don't put this off because you think you won't qualify. Let's see what the experts think. OK?

Now, you also need to make a list of "must haves" and "would like to haves" in your next house. That you give to the Realtor you choose. If you don't have one, it helps to visit open houses in the area's you would like to live in. Talk with each agent, when you find someone who is knowledgeable about the area and you feel comfortable with, ask them to help you find your first home. Oh and give them the list!

Best of Luck! You are contributing to improving our overall ecomony by buying a house. Thank You!

Student loans will not prohibit yopu at all. Late or delinquent payments maybe. Feel free to contact me i will be happy to answer all of your questions.
frank.norris@pncmortgage.com Report It

Your best bet is to get prequalified. I can help you with that. Give me a call.

Mark
Atlantis Financial
(866)272-6291

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