Buying

Seller financing, also known as owner financing or purchase-money mortgages, is when the seller manages the mortgage process and finances the purchase. If you are looking to buy a house financed by the seller, here is everything you should know.

FHA loans are a popular choice. They are supported by the U.S. Federal Housing Administration. An FHA loan could easily assist someone in buying their dream home.

The type of loan that you select will depend on your own individual needs. Lenders will also evaluate your employment and credit history before deciding whether or not to grant your loan request. Certain groups, such as teachers, firefighters, first responders, single mothers and military members may be eligible for special loan programs and discounts.

Short sales are transactions where a house is sold that still has a remaining balance on the home loan even after the sale proceeds are applied to that balance. Here are a few things to know about how long you may need to wait before you can buy another house after a short sale.

Things can be a bit more complicated when a person has gone through bankruptcy. There are different reasons why bankruptcies happen. They may be unavoidable in certain cases, but they aren’t the end of the world. It can just take more time and effort to accomplish the homeownership goal.

Some prospective owners look at houses while also carrying debt from student loans. Some of these loans can be paid off in a matter of months or years, while others may take several decades to fulfill. They may even impact a person’s ability to purchase property in some instances. Here are a few things to keep in mind if you want to buy a house when you still have student loans.