I don't even know where to start, I wish I could say my experience was good, unfortunately, although it turned okay in the end, the road was filled with unexpected obstacles.
Lots of people buy a house once in a life time it was the same for me, desire usually comes first then necessity. I had both. First step for me was to apply for credit as I did not have enough money. I was not eligible so I had my wife apply for the home loan as her salary was bigger than mine. That is where my adventure started.
I managed to obtain the necessary paperwork for the bank, but I felt like the home loan was never gonna pull through. Every day the bank kept calling asking for additional information or papers. Every time I called them back their response time was very slow.
I was worried that my work certificate and other papers would expire and I would need to ask for new ones from work, at least people were very helpful and decent there.
During this time I also had to deal with real estate agents who didn't even know the correct address of the house we were suppose to visit.
When we would finally get there the negotiations would start, they all wanted a high commission but I couldn't afford to pay them that much. In the end I managed to find a house on my own. But I couldn't stop wondering what's the purpose of having a real estate agent if all they do is try to get their fees. I mean seriously would it hurt to put a smile on your face when you meet with a client and at least know what house you are going to show him!
Like I said I found my dream house but now my work is just beginning. The house wasn't in the greatest shape, but I can handle the repairs and the renovation.
Hello all my dear readers of this first time home buyers blog. I have some great news for you, finally FHA has figured out that first time home buyers are not using their loan product. As of January 9…