How to arrange finances when buying home, and what type of home loan?

My fiance and I recently had on offer accepted on a home for $264,000. Combined we make about $105,000 annually, we have about $40,000 in total debt (student loans mostly but some revolving). We have about $13,000 in stock and about $10,000 in cash.

As we prepare to close, how should be prepare finacially given this? i.e. sell all stock and use for down payment, try to take out some revolving credit, etc? Given the cost of the home we need more for closing, so we could not completely pay off all revolving credit. We plan to catch up on this after purchase of the home by managing costs.

Last question - what types of loan should we consider? Just a typical 30 yr fixed or should we consider a lower term like 15 years? Any other options? We will only have down payment for about 5%, and finance the rest. Thanks!

clarify - we have good credit. we need to know how ti allocate our money optimally given the above.

Don't take out any new debit on credit cards. I would try and hang onto my stock or as much as I could.
If all you are putting down is 5% and have 10k in cash then you only need $3200.00 more so before I would take out more debit I guess I would sell a little stock. ( the market isn't that great right now) As far as a loan goes I would do a 30yr fixed. 15yr fixed will make your payments higher but the rate for a 30yr is a good one. If you do the 30yr fixed and just make 1 extra house payment per year you will achive about the same as a 15yr. In most cases you won't be in the home over 10 yrs if this is your first home. Good luck

There are hundreds if not thousands of websites on the internet enumerating the ways to apply and receive home loan when you are plagued with bad credit issues. These sites help consumers with bad credit scores to increase the viability of their existing credit scores and set up loans regardless of their credit history.Companies that specialize in bad credit home loans; usually offer a wide range of options for consumers with bad credit<!--These options include Bad Credit Home Loans, Home Equity and Line of Credit (HELOC) Loans and different options for Mortgage Refinancing, making it possible for those with bad credit to realize the dream of owning their own home.You can find Home Loans here,

http://best-loans.awardspace.com/homeloa...

They also offer a debt consolidation offer which helps the home owner organize a comprehensive program for controlling their spending. Many consumers with bad credit are grateful for the opportunity to receive a second chance, sort to speak-->Bad credit hasn't stopped them from purchasing a home. There are several programs available for people with bad credit that helps to restore their credit status and to live debt free lives.

Matt, you need a financial advisor - not some yahoo's who think they can answer your questions without knowing your entire financial picture.

Would you go to a dentist for a broken limb?

lease 2 purchase is your answer. No credit or money down needed. If you change your mind later you can sell your lease 2 purchase option for 10-15k to the next buyer. Desperate homeowners in foreclosure will take the deals.

In your sitation,I would like to suggest you have a look here.http://studentloan.online-helpers.info/c...

I would like to recommend you some useful infomation here.http://homeloan.online-assistant.info/be...