Posted on: 14th May, 2013 11:58 pm
We are a low income family. We make somewhere around$3000 a month. We are expecting or first baby within next 3 months. We need to know if there are any government assistance programs to help us buy a house.
You can check out the given page to know some ways in which government can assist you with programs to buy a house: "http://portal.hud.gov/hudportal/HUD?src=/buying/loans".
Try asking your lender on interest only mortgage.The major disadvantage for this is that your payments may not cover all of the interest owed. The unpaid interest is added to your mortgage balance so that you owe more on your mortgage than you originally borrowed.