How to Buy a House

Easy-Qualify loan in Austin

0% down

Michael Bluejay (the author of the website) is offering loans to homebuyers in Austin, Texas. Here are the terms:

Your credit does not matter, but your ability to pay does.
No down payment is required, though you can make a down payment if you like, in order to lower your monthly payments.
Your monthly payment will be about 1.15% of the purchase price, including closing costs, taxes, insurance. (e.g., on a $100,000 home, the payments would be about $100,000 x 0.0115 = $1150/mo.).
The interest rate is 10%, and I do not require private mortgage insurance. We'll roll most of the closing costs into the mortgage, so they'll be part of your monthly payment, and you won't have to come up with a bunch of closing cost money at the time of the sale.
If you already have a high-interest mortgage and would like to refinance at 10% for 30 years, I can do that too.
These loans are available for homes in Austin, Texas only.

If you're able to get a bank loan you should do so, because the interest rate will be lower. My program is intended for people who cannot get a loan from a bank.

Note that you're not married to the higher interest rate forever. If you start fixing your credit with my credit repair instructions, you should have good enough credit to move your loan to a bank in two years -- and get a lower interest rate.

Contact me at
(512) 322-0638
or use the form below.

What if you don't expect to live more than 15 years?
How this affects what kind of mortgage to get

If you don't expect to live more than another 15 years then there are some special things you should consider.
First, you might be better off renting instead of buying. Buying is a long-term investment and ties up your cash, while renting keeps your cash liquid.

However, you might want to buy a house anyway so you can leave it to heirs who might have a difficult time purchasing a house themselves.

Whether or not you have heirs, if you do buy a house, get a 30-year loan. If you're not going to live long enough to enjoy the benefits of paying off your house, then don't bother trying to pay it off quickly. Get a long-term loan so your payments will be lower and so you have more short-term cash available in the years you have left.

Your heirs will inherit the house, and will be responsible for paying the mortgage. Don't fill bad about "sticking" them with the a 30-year mortgage -- they're getting whatever equity you have in the house for free, and it's a super deal for them to inherit the mortgage since they get the house with it. If they don't like the 30-year mortgage they can always pay it off quicker.

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