Ok, so we have $10,000 saved up and started thinking seriously about trying to buy a HOMe some time in the future. I pulled our credit, and looked at some model homes. Well, everyone started being pushy and guaranteeing they can help us now. But we have a federal tax lien for $24000 that we are paying a tax lady to fix, and we have negatives on our credit.
The home builder said they have a financial program that is complimentary to us if we commit to buying one of their homes, and he seems confident that these guys can fix our credit, bargain the debt, and once we pay it we will have a qualifying credit score.
Now that I have looked at places, I have realtors and mortgage people calling me let and right. They want to pre-qualify me for a loan so I can take with me to look at houses. But I honestly don’t think we’ll pre-qualify! It’s embarassing and I don’t want to try it.
Gosh, I just wanted to start thinking seriously about buying so I can get into gear. Now I am getting bombarded by poeple, and I just don’t know what to do. I don’t know what the terms of pre-qualifying are, but it seems to me that we won’t for sure!
Any advice? Can we do this? We have about $4,000 extra to use toward paying off debts, like little things on our credit, and someone has power of attorney on our tax lien. It was originally $10,000 but with penalties it went up, and she thinks she can get it down but I don’t know.
And we have $10000 down which is about 3% of the total amount we are looking within to buy a home
Should I let this mortgage lady pre-qaul me? I feel ike I will be soo embarassed because I don’t have a right to even try. The builder knows our situation with the tax lien and credit, and he’s opptomistic, but the lender lady doesn’t and I just don’t know what to do.
Do we have a chance at this?