I was hoping to have my friend co-sign a home loan (she is my boss too). I'm sure she's willing to help me as she mentioned about this before. She owns a home, 2 stores and her credit score is over 650, mine is very low (bad credit). Can I still get home loan even I have bad credit? I'm considering purchasing a mobile home(2b,2b) in Canyon Country, CA (Santa Clarita area), but I'm still not sure if it's a good idea. I currently pay $825.00 a month for rent (Sherman Oaks, 1bed). I work in Canyon Country (pays about $200-$300 for gas/ month). I'm thinking is that if I bought a cheap mobile home there I could pay about $700 in space rent&about $450 a month in a mortgate payment. So I would save some money, time and the important thing is I will have bigger space and little yard(I have 2 dogs),+ in the end I would own something.My husband & I have only $8000 for down payment.I don't think we can afford a home in that area? Our income is about $4500/m. I would very appreciate your answer
2007-03-07
10:12:17
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3 answers
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asked by
Maggie
2