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.

Other websites helpful to home buyers

GENERAL

Federal Consumer Information Center
The FCIC is a gold mine of helpful info, with topics including How to Qualify for a Low Down Payment, Shopping for Mortgages, Closing Costs, Mortgage Insurance, Home Maintenance, Refinancing, How to Sell a Home, and much more.

Is it better to Rent or Buy?
Find out with the calculators on Yahoo and E-Loan.

Take the Rich off Welfare
Book Take the Rich off Welfare explains how things like the mortgage interest deduction are just a form of welfare for the rich.

MORTGAGES

Current Mortgage Rates
Check them at Yahoo.

How much can you borrow for a mortgage?
Use the calculators from E-Loan and Yahoo.

Mortgage Brokers
E-Loan helps you find a bank to give you a mortgage.

Private Mortgage Insurance
PMI Rescue explains what it is, and how to cancel yours when you don't need it any more.

Refinancing a Mortgage
See the Motley Fool's article on refinancing, and a calculator to tell you how much refinancing will save or cost you.

OTHER INVESTMENTS

Socially Responsible Stocks.
Invest in companies specializing in solar power, bicycles, sustainable agriculture, etc. See my guide to Socially Responsible Stocks.

CREDIT

Three-in-One Credit Reports
You can get a copy of your report from each of the three main Credit Reporting Agencies (CRA's) for $9 or so (sometimes free, if you've recently been denied credit). But many credit card issuers will sell you a single report that combines the information in your file from all three CRA's (3-in-1 report). For example, Discover Card sells a service called ProfileProtect for $8 a month. When you sign up they send you the 3-in-1 report, and then they monitor your credit file at each of the three CRA's and let you know if bad info gets added to your file. You can cancel at any time. If you don't have a Discover card, call the customer service number of any card you DO have and see if they offer this service. If not, you can order a 3-in-1 report online from QSpace, but it's more expensive ($30).

Credit Reporting Agencies (CRA's)
If you were unable to get a 3-in-1 report (or didn't want to, for some reason), you can order an individual report from each CRA: Trans Union, Equifax, and Experian.

Your Rights concerning Credit Reports
Useful info on the Federal Trade Commission's Credit pages

OTHER CONSUMER GUIDES

My other guides. If you liked this site, here are some other consumer-oriented sites I've put together:

How to Get Cheap Airfare on the Internet.

Vegas Reference. Whether you're gambling in Vegas or online, these tips will keep you from losing a bundle..

Discount Website Design. I design and host websites for a small monthly fee.

Personalized Wedding Gifts. I did this site for my mother. She makes high-quality, hand-crafted, personalized wedding gifts.

All my consumer guides. Here's a list of all my consumer guides in one place, including the highly popular How to Save Electricity.

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