Do you own or rent?

I would very much like to buy a home. I have no idea how the process is But with 2 kids and wanting at least 1 more to close the factory Lol I would like to know if anyone can share how is the process on buying a home. I have been living here 6 years but it has become very noisy and landlord has gotten irresponsible fixing things and says he is selling the house in 5 months! I do hate the idea or renting AGAIN! but nowdays banks are asking for 15 and 20K of down payment.. Yikes!

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    09/27/15
    Comment deleted
    09/27/15
    I have heard of that. I think they give 5K but so far I have not found any info just spam.
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    09/27/15
    I guess due to the yearly taxes? but right now I have been living here 6 years. I have given the landlord 60K I wish all that money would of gone to a house I owned instead of a landlord.
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    09/27/15
    The only horrible thing about renting is the noisy neighbors you might end up with and the trouble you get in because your kids don't stop noises or jumping. Before we moved in this house we lived in apartments and it was horrible! ppl with loud music, the noises, and neighbors have no respect for others. No matter how much I complained the company never did anything. The only good thing is they fix things fast.
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      09/27/15
      Comment deleted
      09/28/15
      Whats HOA?
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      09/28/15
      Melissa Middleton
      Home Owners Association. They are picky and complain too much. Lol
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      09/28/15
      Ugh! does everyone that buys a home get one of those? Lol
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        09/28/15
        5Tabitha
        As far as home ownership... Just make sure the yard is something manageable... Personally (as much as I love old houses), I wouldn't go with another old house because they require more work than newer... and as long as you're a handyman, that's great-but we aren't. :D So keep that in mind..
        Our taxes come out of the mortgage payment, so until we get the mortgage paid, we won't have to worry about taxes out of pocket.
        Go to a bank and ask your options. I think there's a lot of grants out there for first time homeowners.
        if you don't mind fixer-uppers, find a bank foreclosure as those will be cheaper.
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        09/28/15
        We don't mind fixer-uppers lol hubby can do about anything! He did he's aunt whole electricity in the house, build fences, etc
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        09/28/15
        5Tabitha
        LOL awesome! Personally, I'd talk to the bank and figure out loan options, maybe even ask them about foreclosures, then go talk to real estate agent.
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        09/28/15
        Melissa Middleton
        Yes, a foreclosure is a better option because the price of value drops for sale. If that makes sense. You will get it at a cheaper price that it would be on a real estate listing.
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        09/28/15
        Yea, I search and some were 50K and 80K but I guess it will still be an issue with the bank asking for a lot of Down payment.
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        09/28/15
        5Tabitha
        I don't think it could hurt to go ask the bank...or two or three. Obviously they are all going to want SOMETHING down, but there might be help somewhere and it never hurts to ask.
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        09/29/15
        Melissa Middleton
        Homes are a lot cheaper out here, but one usually has to work thirty minutes or more away from where they live do to jobs.
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          09/28/15
          15Denise Rankin
          We own our home.
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            09/28/15
            Melissa Middleton
            We own our home. However, with the family growing, we may have to buy another home in the next two years because we also want to adopt and my oldest does need her own room because she is a preteen, and we feel she does not need to share a room with a toddler girl when this one I am carrying is old enough to sleep in her own room. Owning your own home seems a lot less stressful, in my opinion, because you can decorate and make any repairs you want without permission (as long as they are under code). But, the downside is, you have to pay for the repairs yourself. Yet, with the prices of rent, it is sometimes cheaper, if not the same price to pay on a monthly mortgage.
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