How to Buy a House home

Learn the basics

1.

The Basics

2.

How much home can you afford?

3.

The Down Payment

4.

The Loan

-

Assuming a Loan

-

Owner Financing

5.

Qualifying for a loan

6.

Understand Closing Costs

Do the groundwork

7.

Get your finances in order

8.

Clean Up Your Credit Record

9.

Establish Credit if you don't have any

The Process

10.

Find a Lender

11.

Evaluate the bank's offer

12.

Start looking at houses

13.

Get the Disclosure

14.

Make an offer / Sign a Contract

15.

Have the House Inspected

16.

Problems on the Inspection?

17.

Renegotiate the terms

18.

Appraisal, Survey, & Insurance

19.

Appraisal went through?

20.

Closing!

After the purchase
Avoding scams
More about Mortgages
How much loan can you get?
Figuring your monthly pmt.
15- vs. 30-year loans
Prepaying your mortgage
Understand Compound Interest
Private Mortgage Insurance
If you won't live long enough to pay off the mortgage
Other Topics
Renting vs. Buying: Which is better?
Paying cash vs. getting a loan
The Debt Ratio
Tax breaks are actually welfare for the rich
Other
Links to helpful sites
Fan Mail
Michael Bluejay's home page
Email Me

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.

Fan Mail


Thank you!  I can't thank you enough.
I'm 55yrs. old and buying my first house and I was loosing my mine, until I stumbled across your site.  I wish there were more people like you (willing to give free valuable information). You are a  Angel sent by God. -- Jennifer F.

I just finished reading you free guide and wanted to thank you for having that available for someone like me who is clueless about buying a house.  I've made it a favorite and will refer to this many more time through this experience.  I just can't thank you enough! -- Dina Reeves, Nov. '06

I stumbled onto your website from a Google search and I find it totally awesome.  I am a Realtor a couple of years ago I put together a 100 page pamphlet/glossary of terms that I share with my clients to refer to when they can't reach me right away.  Great job on the content. -- Naima, Dallas, TX, Dec. '05

My wife has been after me about buying a house for the past five years. I kept putting her off saying it would cost too much, or I didn't understand it and we would get ripped off. Thanks to your website, the latter is no longer true, and the former can be worked on. I now understand the basics of home buying. Any unanswered questions, I don't even have to ask you, because you inform readers of who can answer those questions. Thank you for the information you provided. -- SGT Anthony J Schwartztrauber, Oct. '05

I want to thank you from the bottom of my heart.  I have decided to buy a home within the next year.  I'd started calling realtors and lenders to start educating myself [but]  I was lost in their lingo.  I then decided to search the web and voila, I found your site.  It's answering every question I could possibly ask.  Thank you for your wonderful contribrution.  -- Christi Gates, MHW, CNA, Wichita, KS, Oct. '05

I just want to say thank you for the informative website you have on how to buy a home, assuming a loan, qualifications for a loan, etc. You clearly define some of the topics I was scratching my head on and the way you conveyed it is easy to understand. Thanks for all that you do & the impact you made. -- Hong Tran, May '05

What a good heart you have to publish the real estate tips on your site for free. Thank you so much. -- ESuzannie, May '04

Thanks Michael for your How to Buy a House website.  It is very helpful, an A+ .  It will help a great number of people, including my family. -- Dennis Kelly, Haslett, Michigan, Feb. '04

My sisters and I have just decided to start to saving to buy a house. I want to thank you for you tips. They were easy to understand and gave us an idea on what we had to do to get started. By visiting other websites I was a bit intimidated and thought that our dream of owning a house would never become a reality ( I know I sound corny). Thanks to you site my hopes are up again that this may become a reality and it is not as frustrating and confusing. Thank you. -- Ondia Lawrence, Feb. '04

Hey just wanted to say that your site has helped me allot in understanding what the hell I am about to do, I am buying my first house in Virginia. Thanks a million. --Sager Aslam, Feb. '04

I bought a house last spring and wanted to let you know that your "how to buy a house" page was infinitely helpful and the shove that really got me going! -- Sue, Ithaca NY, Jan. '04

Your site about how to buy a house was outstanding for rookie like me. You site has given me more information than the realtors and lenders. -- Joe Jacob, Arkansas., June '03

I have been searching the internet for a long time in search of a good "How To" for purchasing a home. Your website was very easy to navigate and particularly useful in determining information about downpayments, which is what I always wondered about. I am young, 21 years young, but now I feel confident that saving for a house is within my grasp. I am so tired of paying rent when I know that a mortgage would be just as feasible. Again thank you. -- Bernadette Joy, Washington D.C., Feb. '03


Just wanted to say I really really liked your website about buying a home for the first time! 
I am meeting with a real estate agent tomorrow morning and beginning to figure all this stuff out about what I can afford and how to go about it. I read every step and was thouroughly enlightened! Thank you and it really is a great site for people who don't understand what a mortgage is and all the other stuff that goes along with it. So thanks again!  Enjoy the day! -- Amy Banovich, 8-02

Thank you so much for your website "How to Buy a House".  I am just beginning the process of buying my first house (AAAAAHHHHHH!!!) and your page has helped immensely! -- Phil Boyle, 6-02

Just wanted to say thanks for the excellent website. The info is laid out very clearly and consisely -- exactly what my wife and I needed as we started researching our first house purchase. Much appreciated! -- Pete Gelbman, San Jose, CA, 5-02

I found your info. on buying a home very interesting...thanks a lot for sharing your knowledge... as a first time home buyer, I find a lot of this stuff quite overwhelming... I appreciate your website and you taking the time to explain everything in a friendly manner :) -- Dana Graff, New York, 5-02

My son-in-law called to find out how to buy their first house. The realtor had them all confused. I found your site and told him to look there. Confusion cleared.  I wish I had had your site 30 years ago. -- Judy Krause, 5-02

Thanks! I would have published this site 30 years ago, except that the Internet didn't exist then and I wasn't yet an organism capable of conveying useful information.

I would like to thank you for your great, practical site. It's a real breath of fresh air after going through all that other junk on the net and every body and their sister trying to sell you something. -- Aaron Brock, 4-02

Thanks! I looked and looked for something concise and to the point and finally found your site. What a breath of fresh air.....I printed it out and will use it as a guide. -- Sandy Carter, Palm Bay, FL, 4-02

I would like to thank you for taking your time to publish your website. It is going to be very useful to me and my wife as we search for our first home. Thanks again. -- Marc G Manzanares, 7-01

I just wanted to thank you for the wealth of information on your website. My husband and I are in the process of buying our first home and relocating to another state. You have given us a complete understanding of the entire process and "eased our worried minds". What a fantastic site! Thank you again. -- Susan Auger, 7-01

Thanks for the simplicity! Its exactly what I needed. I have justfinished reading this and I am in no way confused or brain-dead. -- Laurie Newman, MS, 2-01

WOW, thank you Michael. I am a first time home buyer...hopefully...and your website has helped me beyond all help! I have saved it so that I may refer to it over and over again while I go through this process. Thank you so much for sharing your years of experience, and knowledge. This has been a great find for me. -- Linda, 10-00

Your site was very informative! I had no idea what I was doing when I first starting looking, and unfortunately most folks are extremely ready to take advantage of "newbies" Thank you! I feel a lot more confident now. -- Joy from Iowa, 8-00

  

If you liked this site then you might like some of my other sites:

How to Find Cheap Airfare     How to Save Electricity     How to get listed & ranked well in Google

Entire site ©2006 Michael Bluejay Inc. • All information is "use at your own risk"   Email me