March 29th, 2009 - 5 Comments
What are some good resources on buying your first home?
If I was looking to buy a home in the next couple of years in iowa for $100,000 to $150,000 what do I need to know before I start looking. What would be a good interest rate on a 30 year mortgage right now with excellent credit? How much should I expect to pay for property taxes, home owner insurance, etc. any other advice would be appreciated. i know these rates will change but looking for general answers.
http://www.Homefair.com is a great place to start. Here are some other site that might help you. Good luck. 
http://www.sdar.com/news/firsttimebuyer.htm
http://www.ourfamilyplace.com/homebuyer
http://www.hud.gov/buying/index.cfm
March 30th, 2009 at 4:46 am
There's a long list of FAQs that might be useful to you on HUD Web site:
http://www.hud.gov/buying/comq.cfm
Also, depending on the state, check all programs you'd qualify for as a first time home buyer.
References :
March 30th, 2009 at 5:30 am
http://www.Homefair.com is a great place to start. Here are some other site that might help you. Good luck.
http://www.sdar.com/news/firsttimebuyer.htm
http://www.ourfamilyplace.com/homebuyer
http://www.hud.gov/buying/index.cfm
References :
March 30th, 2009 at 5:44 am
Talk to a broker in your area, its free. If you are in NY come talk to me.
References :
March 30th, 2009 at 6:10 am
your best resource is a realtor! find one that you like, and work with them. they can guide you in the right directions, let you know what the market looks like, what it's projected to look like in the future, etc.
References :
Licensed Realtor in SC
March 30th, 2009 at 6:53 am
I hate to be sooooo brutally honest….but the answers to the questions that you have asked are not answered easily, The information that you are asking for is very hard to give. If you are looking to buy in the next 2 to 3 years, you are going to look at interest rates in the 7% range and above. That is of course depending on what part of the country you live.
There is no way to "know" what rates are going to do in the next few years. Although, if the conditions stay the same as they are today, then they are going to be higher. Although, we never know what could happen in that time-frame.
As far as property taxes, it all depends on the property that you decide to purchase. Your county Auditor would more than likely have this information readily available on line for anyone who wants to see it.
You will want to budget about $25 to $50 dollars a month for home owners ins. Of course, this will be set by the insurance company.
If you would like some more advice on bu ying your first home, then feel free to contact me at timothy,kazee@americanhm. com and I would be more than happy to talk to you about your options.
References :
I am a Residential Mortgage Specislist with American Home Mortgage licensed to lend in ALL 50 states.