but I wanted to purchase a home in south carolina, is it easier to purchase a house in south carolina, than here in dc?
well the houses I was looking at range from 40,000 - 70,000.
credit is not great like 560, married with combined income of $55,000. what are my chances of getting financing? and will I have a really high interest rate?
2006-11-09 05:30:01 · 4 answers · asked by mrs understood 1 in Business & Finance ➔ Renting & Real Estate
I live in Virginia maybe you should move there they have cheap houses out here in nice neighborhoods.My family uses this website also www.realtystore.com they have nice houses.
2006-11-09 05:33:59 · answer #1 · answered by ♠Whoa!♠ 2 · 0⤊ 0⤋
I know nothing about the credit score part of the question, but you have more than enough income to afford a house in that range. And yes, it is much easier to find a home in South Carolina than DC. I would search the town you are looking for on Realtor.com. If you see something you like you could write to the realtor and ask them if they know a good mortgage person who can help you get past the credit issue.
2006-11-09 05:38:58 · answer #2 · answered by braennvin2 5 · 0⤊ 0⤋
You are not alone. This is a common profile and one that their are solutions for. The first thing I would do is start gaining an understanding of what can improve the credit scores the fastest. The higher the score...the lower the rate..period.
I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
2006-11-09 05:34:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Interest rate won't be the best out there... do you have any money for down payment?
2006-11-09 05:38:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋