ok so we figured out that we can afford a house around 200k, but now theres a new twist! buying a house preconstruction!
we've been able to find our dream house, actually several different kinds for the price we want but they aren't built yet. once again we have no money to put down, but do qualify for 100% because I am a firefighter. so here is the new set of questions?
-What are the major differences in getting a preconstruction mortgage?
-Are there better fixed rates available for preconstruction?
-do I have to start paying now, or can I pay when I move in.
ultimately I would like to buy this house now and move in in 6-8 months, but I can't afford a mortgage payment and rent. thanks for the help.