More details to prevent some of the sarcastic/unhelpful answers I got the first time around:
We both have excellent credit.
We would pay with student loans
In lieu of purchasing, we will have to rent an apartment and use student loans to pay the rent - in our city, we are looking at somewhere between $1000 and $1500 for a one bedroom. Thus, purchasing and paying into something seems preferable to watching the rent fly out the window every month.
We were specifically looking for a program that caters to grad/professional students. We anticipate making over $300k combined in 2 1/2 years.
Please don't answer if you can't offer any helpful information. We know that this is not the best situation for home purchase, but are trying to work with our options.
Thanks!
2007-02-26 05:32:36 · 4 answers · asked by Laura 1 in Business & Finance ➔ Renting & Real Estate
Ask mom and dad. They are the only ones crazy enough to loan to you. Your situation is highly undesirable.
RE Agent,
Remax
2007-02-26 12:21:16 · answer #1 · answered by frankie b 5 · 0⤊ 0⤋
Your not working and lenders don't care what you THINK your going to make in 2 or 3 years. Lenders care about now and thats that. You need income....and student loans are NOT income...so don't treat them like income!!!!! You must be indebt way over $100,000!!!! Best advice is to keep renting until you actually have a job. You should be working now at least parttime...there is no excuse for not working!! You are using loans for everthing, what is wrong with both of you? Thats what banks will tell you, some will just laugh, others will tell you to come back when you make $500k to pay off all you debt!!!
2007-02-26 14:00:03 · answer #2 · answered by LaneBack 1 · 2⤊ 1⤋
I may be able to help. Contact me whenever you can
513-860-2940 ext 10
msmith@premierloangroup.com
2007-03-02 12:09:46 · answer #3 · answered by Martin S 1 · 0⤊ 0⤋
try this site they list afforable housing units
2007-02-26 13:46:15 · answer #4 · answered by k_sheena21 3 · 0⤊ 0⤋