Mortgage Free Calculators

Acquire a first home – no money down and … (Is this wise?)?

I have a credit card debt 15k 5% and pay $ 300 per month. I am also a first homeownership time and will most likely not be money down. Thought to be a 30yr fixed loan 80/20 (if the number of jobs to be better than 100% complete w / PMI). Ideally, I would like to pay my debt before buying a house, but can not in this situation. Is it possible … and what do you think about bumping the amount of mortgage up to 15K to repay the debt? In essence, I'll probably pay higher interest rates because mortgage interest is higher and are amortized over 30yrs, but an increase of 15K in the amount of the mortgage 30yrs to about 7%. $ 100 according to the Mortgage Calculators. This would free a cost of 200 that I could use to go to the mortgage. Firstly, do you think it would even be possible to the lender to do a program for first time homebuyer with no money down? And secondly, do you think this is a good idea? Thank you

Hey Dude, do not think the short term. I would just buckle down and pay the credit card. In the mortgage, do you plan without money down. You can always refinance. The last thing you want to do is take on more debt on your mortgage by adding card debt credit. It takes more time to pay this off. You can, just cut some things from your life here and there and reward you for your credit card. But do not just pay the minimum. Try this. advice from someone who owns a house and do what ur thinking. With hindsight is always 20/20. Good luck-ar