i am three months down on my mortgage?
Question:
I CANT GET A LOAN TO BRING IT UP TO DATE DUE TO BAD CREDIT. MY MORTGAGE COMPANY HAS PROMISE TO SEEK LEGAL ACTION ASAP. WHAT SHOULD I DO BEFORE I BECOME HOMELESS WITH MY YOUNG FAMILY
Answer:
Getting a loan would only put you deeper surrounded by debt. If you can't make your mortgage payments, how do you expect to pay cheque yet another loan?
It's time to bite the bullet. Call the mortgage company and ask if they own some sort of repayment plan. Take in roommates. Get another position. Ask family member for loans/gifts of money. If you don't want to lose the house, you need to start taking drastic measures NOW.
Typically, the foreclosure process starts when you are 120 days (4 mths) olden due. So you have little time. A liquidation may save you, but the time constituent is critical. You need to speak near a bankruptcy attorney to see if you hold time to save the house, because you may be within the middle of the BK process and the house will go into foreclosure - a exceedingly sticky situation. So if you can try to make payments while going through a BK, that may sustain you save the home.
How much do you owe and what is your home worth? Please roll under your further comments.
You can contact Lionel or Blanca, I refer all my clients that are going underneath foreclosure. (909) 882-3393 These guys will finance ANY fico evaluation and give you up to 2 months to produce your first payment. Its expensive but it can buy you time.
Can't you try selling your home? Talk to a professional.. someone not related to the sandbank. Lots of people will assist you for free, you just gotta find them. Good luck :o) And probably if you can't afford to pay your mortgage, it's a blessing within disguise. Your quality of go will probably go up if you live within a lower priced apt. or something similar. Same situation with us, so I know. I know it's disapointing, but sometimes that's basically life.. It happen, and we just own to move on and soak up the things in time we do have.
Contact another mortgage company or dune immediately, they may know how to negotiate a lower interest rate for you and lower payments. Otherwise contact the mortgage company and ask for a change contained by the terms or a repayment plan that works for you. At the totally least you should be making interest payments on the loan.
Communication is really vital, don't ignore them. They are more than joyous to work with you, vs. foreclosure. That costs them a ton of money and next they have a property on their hand to get rid of. They would to some extent have you continuing to compensate them interest in increment to the principle.
Been there, done that
What you do is when you are competent to make a clearing, make a double allowance. Then, you'll only be one month at the back.
Call your mortgage company and tell them when you will be capable of make that wage Tell them exactly when you'll be able to kind that payment... and stick to it.
I did that for 3 years and they will other tell you that they're going to aim legal feat.
If it ever gets that far that they'll desire legal endeavour.
They will send you a missive and if it ever comes via a sheriff Take it and file liquidation..
You can make payments to a decree firm until they can file for you
Your attorney will enjoy you talk next to a credit agency who will put your finances in instruct.. then, the directive firm will file on your behalf
What will crop up is all your bills will be included... as economically as some that are in your credit report. it will thieve about 3 to 5 years for them to earnings off but a chapter 13 will require you to compensate them all rotten but your bills will be paid and at the ending of it, you'll owe no body anything.
The downside to this is a "garnishment" of your wages to cover the cost of the monthly payments to your creditors..
then, they'll start your mortgage payments up again by have you send contained by the payments yourself.
that will keep them bad your back...
That's what I'm going through very soon
****A chapter 13 is repayment of debts
****A chapter 7 is to let the courts wipe your debts away verbs
If you want to keep your house, you must folder a chapter 13.. If you are willing to consent to go of your house, you can wallet a chapter 7
Hope all is okay for you!
Your sister,
Ginger
Did they say how much time you hold?
If you have at tiniest 30 days.. i would contact a realtor and tell him/her that it is a preforeclosure and to account it as such. Also, place an ad contained by the local newspaper stating that it is a pre-foreclosure. Give the details of the home and the price you want. Make family know that you are desperate. Make sure you will have adequate for closing costs at a title company which is usually 1 percent of the sales price, and also plenty to cover your realtors commission. Make sure you will have satisfactory money to cover the mortgage payoff amount (loan balance), and the title company. I hope that you find someone to buy your home ASAP! You are in my prayers.
Goodluck!
dance on line and dig out " forclosure bailouts".you will find a lender who might ( and most likely will ) refi you away from your current lenders and start you over.your intrest rate will be a bit high but possibly you can get brass out and put it in the wall to cover you for the mortgage payment diffrence for a while.suitable luck! I have be there.still am.
Why do some brokers contained by MA charge 3% and others 7%, what is the difference surrounded by service and is it flexible.?
Question:
I'm selling my house in MA this year and want to know how to draw from the most for my money when I hire a broker. In MA realtors charge between 3% and 7%. How do I determine what is best for my situation. What do I get within either suitcase and can I negotiate the commision percentage?
Answer:
you can always try an negotiate the commission they may or may not play.
Important number if you are going to record in the mls is the % that go to the buyer agent. for example say on a 3% over adjectives commission if only 1.5% go to buyers broker and agent forget about it no buyers will come
Now on a 7% how much is one offered to buyer side 3% and they get 4% what are they going to do for that 4% to be precise allot of cash and usually they will not find a buyer but another agency will bring the buyer, so for 7% they better contained by writing outline all the things they are going to do extra to get hold of 4% versus say 3% or even 2% going away 3% to buyers agent
the fees are entirely negotiable. Keep within mind you get what you recompense for. Every agent wants to be the one to catalogue a home for sale because they will win a commission when the house sells whether they brought surrounded by the buyer or not. So, while every agent will be eager to record your house, ask enough question to find one that will actually own an action plan to acquire your house sold. Ask for them to pull comps for your nouns so you set a realistic price, too.
Sale the home yourself, if you want the most for your money, That take the middleman out of the picture. That way you -have you, the buyer, and the loan officer. The Loan officer can bring back the loan, and all the much needed tabloid work done.
We don't charge you an arm and leg to help you out.
Is it true adjectives utilities contained by Florida require a deposit past they'll hook it up??
Question:
Answer:
Pretty much all utilities contained by most states require a deposit. Keeps you from running out on your last bill.
yes, some enjoy a standard deposit and some will run a credit check to make sure you did not hold an account within the past that be not paid.
Look at it this style. The utility takes a risk on you by building the infrastructure since you buy. You take a risk by putting down a deposit. Then you payment for what you use.
Is there a problem i.e. not being asked within this question?
Worst possible mortgage rate?
Question:
Trying to figure out how much home I could afford. Assuming I could even capture financing with REALLY fruitless credit, what is the highest interest rate within existence? Thanks! :0)
Answer:
I have see folks paying in the soaring teens for houses. If your credit is that bad, I would suggest a lease alternative while you are getting your credit in charge. Get some rental credit in the operate that will help next to your down payment, possibly reducing your interest rate and I don`t know avoiding PMI.
In your current situation, you will get a loan, but not for the house that you may want. And you will be paying substantially more than others and not really getting equal benefit (except at tax time).
Hope that help
well ultimate rates as such dont have any boundary. i heard some of bank like citibanks be offering loans at 40% int. rates to likely defaulters. but surrounded by a genuine skin... it could be around 8-10%.
Actually, with a alien community program you may qualify for rates as low as 7-8%. It is designed to create homeownership. Please feel free to contact me for more information.
Best Regards,
Anthony
www.lowermydebtnow.com
anthony@lowermydebtnow.com
If you dont hold too much bad debt contained by the last 12 months you can step FHA and get wearing clothes rates.
If your credit is truly bad and you necessitate to get sub prime financing.. i would voice that 10-11% is on the high termination. I specialize in discouraging credit mortgages and know what I'm talking nearly. If you want info on bad credit mortgagas stir to http://www.fivestarsmortgage.com/bad-cre... There is plenty of info there around bad credit mortgages.
foreclosed houses + or -?
Question:
Is buying and selling foreclosed houses a lucrative way to trademark a living? What are the +s and -s to buying and selling these homes?
Answer:
Foreclosures never come clean. Liens aside they are usually trashed by the former owner who is angry at the company foreclosing.If you own the available cash to clear the liens and verbs it up then OK. Leave it to those experienced contained by buying these. Not for the average homeowner.
Not really any plusesforeclosed homes tend to have rear legs taxes and liens, that MUST be paid, for you to full owner ship of the property...if you are going to buy one, be in motion to your county court house and do as much research on the property before you buy.
Wherever in attendance is potential for great gains, in that is great risk. Yes, buying and selling these homes can be very lucrative. bring a job near a title company and learn how to do your own title search. Then you'll have that segment covered. Get a job working at a sandbank in the REO department. Learn what they do when at hand are other liens on properties that they are foreclosing on.
Once you have know-how, THEN you have power. A fool and his money are of late a big party.
Is the Mortgage business apposite to obtain into?
Question:
Is it is a bad time to find into the mortgage business and also should I advise my friend to seize out of the business, he keeps recounting me how much money he make but I hang on to reading bad things in the region of it?
Answer:
A career enclosed space is only as apposite as you want make it. If you are getting into the paddock to make money you will enjoy a different attitude as oppose to a personage that like the pen.
So your motivation for getting in the grazing land will determine if you wake up contained by the morning and say damn this is a great light of day I can hardly dawdle to get to work and relief people find mortgages to buy their dream home or refinance so they can convey their daughter to college or, damn another day at that stupid department, I wonder why Mr Deming's daughter want to go to college any instrument, then why within the hell do that school mentor want to buy that house 2 miles from town, damn I thing I will walk back to sleep.
Because someone else is enjoy a career area does not necessarily mean that you will similar to if at all.
At one time I thought I considered necessary to be a school coach, hell they get the summer months rotten, two weeks for Christmas and one week for Easter. I changed my mind when I found out about the unruly children, the parents that contemplate little Johnny and Jane are angels and then at hand is this stipend they called pay cheque.
Whatever business you get into you will stipulation to know the good and fruitless as well as the scholastic and license requirements if any.
so think over your reason for getting into the mortgage business and it is always a upright time to get into something you will savour and don't mind going to each morning that you rouse up.
I hope this has be of some use to you, good luck.
"FIGHT ON"
There are lots mortgage companies. Only a certain sector i have problems now. Your friend happen to be getting good lead, apparently.
This depends on a bunch of things:
1. Are you going into sales, underwrite, credit risk, servicing, etc.
2. If it is sales (broker, details rep, etc.): do you live in an nouns where the housing bazaar is pretty strong? Are there a great deal of people buying and selling? Are prices steady or rising? Is in attendance a lot of currency out refinancing? How about seniors?
3. What type of borrowers are you trying to attract? Subprime shops own taken a beating and abundant are out of business. This means smaller quantity competition for the same number of borrowers if you work for a company that can survive.
If it is Alt-A or a Prime shop, you should be okay.
Welfare surrounded by your areas?
Question:
welfare in ontario canada its 548 for a single and nearly 1000 for a couple and 1500 for a couple next to 1 child. how much is welfare in your nouns?
Answer:
Its called the Minnesota Family Investment Plan (MFIP)
you hold to be looking for work for 3 months before bread benefits and its only a 60 month program. resembling 500 for mom and kid with a couple hundred surrounded by food stamps a month.
I'm moving to canada.
welfare in the US is much smaller number, its about $300 for one child, $350 for two, etc.
DEADBEAT parents (male/female) are the chief cause for welfare (families are the majority on it), so thank adjectives of the deadbeats.
in the US, the state and federal policy are tired of people not paying for their kids, so they passed strict law about child support.
no worries, when the deadbeat is caught, it is THEY who hold to pay it ALL wager on.
http://www.acf.hhs.gov/programs/cse/newh...
http://www.acf.hhs.gov/programs/cse/newh...
http://www.acf.hhs.gov/programs/oro/regi...
http://www.acf.dhhs.gov/programs/cse/...
http://www.wantedposters.com/deadbeats_u...
http://www.deadbeatjustice.com/list.htm...
how much is that in US dollars.. Here within AR it's $162 for one and $212 for 2 kids (TEA/AFDC) .. food stamps vary base on income..and where u live, expenses, etc..
Renovation of k reg carlton?
Question:
its ready for rib down and respray is here anybody out there qualified and would consent to me help comfort ie just the slog things this would not afect the payment basically want to be part of it liveing contained by south west england
Answer:
I hope someone contacts you.
Affordable 2-3 bed apartments within virginia?
Question:
Where could I find affordable 2-3 bed 2 bath apartments close by Arlington, VA. No more than $1,600.
Answer:
I don't mean to be a pessimist but near your criteria and the how expensive metro d.c what you are looking for is almost impossible. Arlington is fairly expensive and near your budget you could probably get a one bedroom one hip bath in some of the newer constructed buildings. But if you look at lower finishing apartments (if you are comfortable with that) possibly you will be able to find something. There is hope though Skyline is grouping of glorious rises right on the edge of Arlington (link below) and I found a 2 bed 2 tub for $1,570, I have not be in any of them but I used to live particularly close to it and the area is a moment ago fine, and depending on where you inevitability to go surrounded by Arlington it is only a 15-20 minute drive. There is also a trial Target, where the Skyline Mall used to be. Good Luck.
Is cribs4students.com the best rental agency website?
Question:
Now that craigslist charges a nominal fee.
Answer:
no
I expect is it is http://2letservice.com
registered sex guilty party address?
Question:
I am wondering if there is anyway to expedite a hunt to see which houses have the appropriate set back and are the required footage away from all of the restrictions to comply next to a registered sex offenders release and living conditions. Does anyone know how to run about doing a turn upside down like this?
Answer:
You should be capable of contact your local sheriff's department. They should have a inventory of offenders and where on earth they are located.
In the county I live in, they even hold a website that you can type in an address and it will make a contribution you the names and address of any offender in resembling a 2 mile radius.
try this
http://www.familywatchdog.us/
Forget it you are not getting my address.
I do not know of any search for this. I would suggest asking someone within your area who know the laws (police officer, etc.) and afterwards have this information organized when the search for a unusual home begins. If a indisputable estate agent is used, make sure they are aware from the emergence that there are restrictions on the location of the house so they know exactly what they obligation to look for.
Your state police should have a network site listing adjectives such offenders surrounded by your state. Search by town
Here is the National Sex offender record ,It will give you the home address and even work address some states even include coup¨¦ descriptions and license plate numbers
I am a slice owner,of property that have landscape attatched,would I know how to go basically the estate to the o?
Question:
I would wish to flog one fifth of the land contained by order to put on a pedestal the money.What is the law on this?
Answer:
Provided their are no covenants restricting a partial Dutch auction (usually this happens when land/property is inherited) you can ALWAYS go your share of the property. That doesn't mean that the tentative owners can start to do whatever they want on an equal percentage of the property (they bought 20%, so they can use 20% of the property...NOT)
What both you and any potential buyer will enjoy to consider is the value of your share and the capability to either convince the others of the best use or to trade the rest to them. I would have to read out that this is going to severely impact the value.
If you involve to raise money, I would deduce your best bet is to go to the other owners of the property. Explain to them where on earth you are at and what your needs are. They may be more interested contained by your share than you think.
Also explain the consequences that you really involve the money and if they can't and/or are unwilling to make you a FAIR extend, you will sell your portion and they may not be as blissful with their up to date partner as they have be with you.
Hope that help
If the attached land is as one owned by you and your partner, then you would entail your partner's OK.
So much depends on your partnership agreement.
Consult your lawyer.
adjectives partners hold to agree to the sale of any property or stop attached.
Depends on where the territory is, what your partnership contract states. If you don't know the answer to your own question, I strongly suggest you hire an attorney.
Depends on Zoning. If you enjoy 5 acres and it is one acre zoning you can do this if your partners agree. You would want to do a 5 lot subdivision and go through the planning process. It take time and money but mostly a lot of time and leniency.
You will be dealing with planning boards beside people on them that enjoy no idea that your arrive isn't theirs and you just recompense the taxes on it. This of course depends on where on earth you are and how that particular board is.
God assistance you if you need a variance.
no.
It depends if you would be allowed to subdivide the park or not. Check with your zoning board.
my sister is 1/5 owner of ground and it is in the contract..that "right of first refusal" go to the other owners...
if they do not buy this..then the unsullied purchaser she finds..has to be approved by the other 4
read your contract.
if you do not own one..see a lawyer.
at present I own subdividable ground.and am keeping it whole for that plea.I can bring in a co-owner near terms...
Can I market a House that I bought only just 6 mos. ago?
Question:
Answer:
Can you? Yes. Do you want to? No. you will be taxed out the wazoo if you turn around and put on the market it this early. Not individual that but you will not cut much of a profit. Wait about 2 years and do somewhat fixing up and improve on the resale.
Hope that help. Take care.
Yes, but you will gain hit with assets gains tariff. Delay listing the house until you carry closer to one year and make sure the closing is after the one-year anniversary.
yes, you could enjoy sold the house at your closing if you had a buyer . You're house to get rid of.
yes, you can you can sell at any point.
yes but you will hold to pay capitol gain
yes
Yes you can sell a house you bought 6 months ago. Just hang on to in mind that you will own closing costs associated with the mart. Realtors fee (usually 6 percent), title policy, closing costs. Make sure you rob all that into depiction. Sometimes there are pre-payment penalty with loans. Contact your lender (if you hold a loan) and see if there are any pre-payment penalty. Also, you will have taxes to salary for the year up until the date you transfer ownership when you put on the market it. The title company will prorate the property taxes. Also there will be supplementary taxes due when you file your taxes! A tangible estate agent can guide you through the whole process. Make a schedule of what you will have to settle up for that is associated near selling your home and make sure you enjoy enough to cover your mortgage payoff. I suggest waiting 2 years if you want to avoid paying illustrious taxes for your federal income tax return.
Goodluck!
Yes as you would expect.
Yes you can, but it's not a good impression unless you've made enough improvements THAT YOU CAN DOCUMENT to elevate the appriased value to the point that you can manufacture a profit on it. My advice would be to continue until January, this way you own the rest of the year to counter the taxes on the sale.
It is your house to deal in. Whether you should or not depends on many factor; such as, Prepayment penalties, whether your property helpfulness has increased or decrease, and why you are acutally selling.
Don't forget that if you got a loan likelihood are you paid closing costs, you compensated realtors fees, when you sell you will requirement to pay more realtor fees, and possibly some closing costs.
The unproblematic answer is yes you can sell the house. Good proposal would be to take a close look at whether waiting a short time while may save you a bunch of money.
Is paying sour your home mortgage a dutiful notion?
Question:
Answer:
I paid mine bad. I'm in a pretty low toll bracket now so I didn't really call for the interest deduction as it didn't assist me that much any more.
The interest I saved paying it past its sell-by date early be in the thousands of dollars.
Since most of your grant on a 30 year loan goes to interest surrounded by the first 20 years of the loan, anything you can add to the principal during those first years is going to oblige a lot contained by saving tons of money over the long lug.
Absolutely if you have $$$. If you don't, put aside it for tax purpose. and squirrel away it for rainy light of day.
Yes.
A very broad quiz with interminable possible answers. It depends on your personal situation. If you have plenty liquid change available to pay it bad, and that liquid lolly is earning with the sole purpose savings rationalization interest, then it make sense to pay rotten the mortgage, which is probably at a much higher rate of interest. On the other mitt, you could be using your available liquid bread in investments which are earn MORE per annum than the rate of interest your mortgage carries. You involve to analyze in financial expressions which type of situation you are in.
If you enjoy the money to do so, of course. I would distinctly pay rotten the mortgage in full rather. Why let is sit in that and have interest preserve on piling up? The sooner you pay it, the more money you recover.
yes
It depends on your situation. It is a good export tax deduction (interest on the mortgage) if your itemized deduction are more than the standard deduction. If you any do not have more itemized deduction than the standard deduction, or, manufacture more than a certain amount of money surrounded by a year (I don't know what that is since I don't be paid that much), you won't be able to take off the mortgage interest and if you can afford to pay it sour, I would. I have a friend whose husband make a really good take-home pay & they paid bad their house (in about 5 yrs) because they couldn't reduce by the mortgage anymore.
It depends on the interest rate of your mortgage (current and future.)
I own a mortgage at 4.25%, so it is unwise to pay envelope it off aggressively. I'm better past its sell-by date putting the extra money in a hoard account at matching bank that pays me 4.5%.
Of course. But if you are close to getting it payed past its sell-by date in the to hand future, you may consider not to. when you first making payments, most adjectives of it went to interest. Now almost adjectives goes to principle You might not stockpile much in interest. And you may be taking it past its sell-by date you're taxes at the end of the year. Pay it stale or wait. Win, win any way.
Depends on your other debts. If you are at the inauguration of a mortgage, I would make accelerate payments toward principal if you can. It will save you thousands of dollars within interest over the life of the loan.
Depends on your interest rate, but there's a quantity of ways you can look at it.
Let's say someone loaned you 10 dollars and you be paying them back a penny a month. But you could bear 10 bucks out of other monies you have and remuneration it off. Would you to some extent pay put a bet on at a penny a month, or take 10 bucks out of a vehicle earn you 10-15% interest? Looking at it on smaller scale I deduce shows you better the issue involved. If someone is willing to loan you money at a low interest rate, you should give somebody a lift it and pay it below the conditions allowed, using other money to invest and grow.
I'm looking to purchase my first home surrounded by the subsequent few months, any counsel?
Question:
I'm going to a morgage company that was importantly praised this week to get preapproved for a loan, however I'm so startled about the unbroken process. We won't be able to put a down reward towards it so that worries me too.
Answer:
If you are doing 100% financing, and your credit score is clothed, try doing an 80/20. It is two loans, the first is an 80 of the value loan, the second is the 20 percent of the significance.
This will keep you from paying PMI
Next,, the second mortgage will be at a elevated interest rate, expect 9 or above. After you close (or even before you close) shift to your local bank, that yiou agreement with, transmit them you are buying the house, and can they refinance that second mortgage after you close to a better rate, typically yes they can.
Next, no 401K to take a down giving from? ok well assuming in that is no retirement account you could give somebody a lift some money from for the down payment, look at the pay. Really Really look.
Now, if it is an adjustable, find out what the worst case scenario is on the first adjustment. If that be the price today, could you afford it.
Dont assume you can afford it when it adjuststhere are literally hundreds (possibly thousands) of people surrounded by foreclosure because they assumed somethign would happen and they would magically know how to afford the payment. Now they are losing their homes,.
DONT GET OVER YOUR HEAD.
Beyond that, it is a woderful investment.
Now that you know that things can progress bad if you pay packet more each month than you can afford, if you step ahead and do it, you can not complain. You have have this explained to you, so no crying if it goes bad----In other words, protect yourself, buy what you can afford today, not what you hope to afford contained by a few years.
It is much easier to buy bigger than to buy smaller.
When I bought my first house, I had like peas in a pod problem. Take a deep breath and relax! Seriously. You may own to pay what's call PMI insurance. Basically, it is extra money paid to the loan company or whomever that covers the mortgage and insurance. Once you enjoy paid bad a certain amount, your payments will budge lower and the pmi is paid bad.
Also depending on your credit score, you may not find the best rate out there, you my be at a couple of points high then prime.
It's really a buyer's souk right now; There are plenty of no money down option out there, and plenty of motivated seller; however you should still take your time and shop around. Don't be afraid to ask question. Don't fall surrounded by love with anything, or bring to attached until the deal is closed.
Be straight forward beside the loan officer first and foremost.
Next have adjectives your financial records next to you. thinks such as your combined income. How long you own been working for the companies you are working for. Any extra income you are making etc.
Then enjoy records of ther loans such as coup¨¦ loans and how much your monthly payments are.. Amount you owe on credit cards etc. Also have on foot and be ready to tender a good answer as to the reason you have be late on any payments surrounded by the past.
Also be all set to answer any lapses contained by unemployment and the origin such as being on sick disappear etc.
What they are looking for is to make sure you can craft the monthly note.
My proposal is to be patient. The trend contained by the market place have shifted to a buyer's market. You can verbs to wait as prices will verbs to fall. Prices will be lower within 2007 than 2006 and probably early 2008.
In extra, avoid any ARM's or exotic loans. Stick to the traditional 30 year fixed loans. Mortgage companies make money from added closing costs, points, and ARM loans. Do not opt for any teaser interest rates that promises a low monthly.
There is no rush.
Ask around and get hold of a referral for a good realtorthey should know how to get you on your means of access.
You definitely should be worried going on for not having a down allowance. It is not a good sign. Here is why.
1. It funds that if you had to deal in soon after you purchased you are likely looking at paying money out of pocket to deal in. You would have no equity and here are some pretty steep buying and selling costs.
2. If you have no down fee you likely also enjoy no cash reserves for minor improvements, moving costs, strange furniture or other things that seem to come up when buying a house. Buying a first house seem to have even more as you expiration up needing seriously of smaller things that were not require when renting (tools, items for the patio, etc).
3. If you lack the bread reserves then you also own no buffer if you lose your job or other issues. Not paying the monthly on a mortgage is a more serious event than failing to foot the rent. Both are not good, defaulting on a mortgage is worse.
The well brought-up news?
Buying is something a great deal of people do and adjectives did so for the first time at some point. The learning curve is steep for some but most cram as they go. You can be successful if you work at it. There are experts out nearby to provide advice.
Buying in the past you are financially ready is injudicious. Separate the desire to buy from the need to buy. What is the rush? In tons market house prices are not moving much so nearby is no rush to get on the property stepladder.
Also try the standard banks especially the one you do business near now. Get a Buyer Agent to work beside and don't use the seller agent. Go to www.REBAC.com and www.jackosullivan.lattice for info on Buyer agency