What does it mean when they say that home financing is available?

"Financing is available and for first time home buyers there is an $8,000 stimulus bonus. !!! $5,000 down $461.00 a month you own it" Is that another way of saying rent-to-own? like, put money down then pay that amount each month until I pay the whole thing off? And, if it helps, it says that it is by a broker, not the owner. Also, will I still need to take a mortgage loan for it etc? Or can I honestly just give them 5,000 and then some monthly through my paycheck? Please try to be as simple but descriptive as possible. Thank you.

5 months ago - 2 answers