A couple of years ago, I was living in a small apartment, at an apartment complex in Indiana. My daughter, son-in-law and grandson were living in a similar one, in the next building. I was helping them pay their bills because my son-in-law, though working, couldn't meet his financial responsibilities. So I did what I could, to help out.
After two years of struggle, we decided to try to find a house that we could all live in, together, thereby slicing off a lot of the expense that the two apartments were causing.
I had helped them in the past, but when things went from bad to worse, my credit went down the tubes too. Now, I was wondering how I was going to be able to get a mortgage on this new house we were planning to buy.
It was about this time that I decided to try the Law of Attraction principle to get a house for us. I used all the steps that it took me three years to learn and get the process started. I tried to have faith and never let the idea come into my head, that it wouldn't happen. Two weeks later, something did.
I came out of work one day and for seemingly no reason, I picked up the free real estate magazine for that month. I hadn't done that for years cause I knew that with my bad credit I could never get a mortgage. But that day was different. I picked up the magazine, went to my car and starting looking through it.
Right there on the inside cover, was information about the first-time buyers program that was currently active. I called the Realtor to discuss it and he said that my first step was to call the mortgage broker and see if I could get a mortgage.
That simple call to the Realtor started the entire chain of events that followed. I had no trouble being approved for a loan even though my credit was still terrible. I had no trouble finding a house that we could all appreciate. And finally, I had no trouble closing on that house and moving out of the apartment complex with the rest of my family.
If I hadn't tried the Law of Attraction principle on this one goal, I don't think I would ever have really believed it. But everything fell into place so perfectly and I was given so much help from the Realtor and the mortgage broker, that now, I have complete faith in that principle.
I feel blessed and thank God on a regular basis, for helping us get out of that bad financial situation and acquire a house we now fully enjoy.
According to the FHA lending guidelines, is it possible for escrow to be paid out of packet instead of rolled into the loan? What are the guidelines for a 2nd time home owner? These are answered below…