Did you say Kentucky? Yes, I did, my homeland.

Date:   11/2/2009 7:08:24 PM ( 15 y ago)

Tips for people buying a home in Kentucky
by Barbi Trejo

If you are thinking about moving to Kentucky or simply living in Kentucky and want to purchase a home, this article is for you. Kentucky, the Green Grass state is one of the most beautiful states in America and it has every type of area you could ever want to call home. It symbolizes family values and it is a place where you can walk your dog safely at night. Learn how to love Kentucky the way thousands do and learn how to buy with a high rate of success.

Whether it is Kentucky or any state the ways to buy a home has not changed. You must:

- Pick the perfect area and Kentucky has many.
- Pre-qualify for a loan.
- Have sufficient down payment or gift money.
- Have been on the job for at least 1 year.
- If married, at least 1 year.

Mortgage Loans:

Mortgage rates are very good now with the foreclosures all over. So shopping for a mortgage should be very simple. There are many very good lenders in Kentucky. Depending on the type of loan you are looking for, the rates will vary. If you are a first time home buyer and looking for a low down payment or zero down, the rates are different from the person who has 20 percent down payment. Here is a list of banks and you can check with them for the best rates on loans.

http://kentucky.uscity.net/Banks/


When choosing a loan in today's market always look for a fixed rate loan. The interest rate is higher, but it is fixed for the entire length of the loan. There are too many foreclosures to take a chance with your investment or your family future. Never ever take a loan with a prepayment penalty either.

Many Beautiful Areas:

Read the rest of the story:

http://www.helium.com/items/1635779-tips-for-buying-in-kentucky


 

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