We only have 2000 saved, also have about 8000 in credit card debt, what are our options in owning our own home? I am tired of paying 1000 a month for rent just to make these people richer, but houses here are crazy exspensive! Any suggestions? Thanks in advance!!
2006-11-29 13:21:25 · 7 answers · asked by Michelle N 5 in Business & Finance ➔ Renting & Real Estate
Heres is some advice! If you are looking to purchase a home, first get pre-qualified. If you log onto http://www.justgetaloan.net we can get a you a fast free pre-qualification with access to great service,programs and low rates. Getting pre-qualified will let you know how much you can afford. Also when dealing with a realtor the realtor will work harder for you knowing that they have a real client. Many people want to buy homes, those who have the ability are the ones realtors work for. Also it will give you buying power. I.E. Seller is selling home for 200k you have been pre-approved for a mortgage up to 190k the seller is more likely to come down on the price becuase you have been qualified for the mortgage. Its like your walking around with a blank check. Feel free to log onto the site http://www.justgetaloan.net also you can contact me at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
2006-11-30 06:09:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well perhaps you should look into reading the comments of a one Ben Bernanke. You should then furthermore look into waiting 6 months and perhaps saving a lot of money from your house hitting a rock bottom price due to economic pressure.
As for your money issue...that depends on what you want to do to meet your ends. Sell your car? Take out a loan? Borrow money? I believe the downpayment for a house in LA, aside from the drive by shack, will run you 30 grand
2006-11-29 13:24:21 · answer #2 · answered by nobleisback 1 · 0⤊ 0⤋
$350,000 can get you a small abode, in a a lot less probability-free community, and a large style of the residences at that fee have a tendency to look crappy. probability-free and not in any respect outrageously expensive, do not bypass jointly. you may want to pay better, in case you want to stay in a safer area, with nicer residences. besides the actual undeniable actuality that i do advise residing somewhat outdoors of la, think ofyou've got opportunities. in case you want to stay someplace warmth, bypass to Phoenix, i'm initially from there, and that is fairly effective position to stay truly, a large style of human beings from the Midwest stay there now. it really is a coming up city. and also you may want to spend that volume of money on a house , in a effective area in Scottsdale, AZ (that is like Beverly Hills in Phoenix)... or Gilbert,AZ has effective residences besides. Michigan and California are in a poor state immediately by way of economic equipment. purely wait a touch perchance.
2016-10-07 23:48:34 · answer #3 · answered by ? 4 · 0⤊ 0⤋
houses in los angeles are way too expensive. look elsewhere. as far as your debt, you need to pay all that off , before you can qualify for a loan. if you can't pay 8000 of debt, what makes you think you can pay a house loan over a life time.
2006-11-29 13:27:11 · answer #4 · answered by Anonymous · 0⤊ 1⤋
There are loans that wrap credit card debt into a mortgage loan. Here is my contact www.denjrealtormel.com
2006-11-29 14:24:41 · answer #5 · answered by Melissa 2 · 0⤊ 0⤋
The household better totally make at least +80,000.00 yr.
2006-11-29 13:29:50 · answer #6 · answered by thresher 7 · 0⤊ 1⤋
Let's talk. There maybe a way I can help you.
2006-11-29 13:37:17 · answer #7 · answered by loladrewblue 4 · 0⤊ 0⤋