Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Anybody in real estate?
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:WalkerTalker2:MV8yMDY3OTQ5XzM0Nzk1NzI4X0Q4NTRCRjY=] I am a real estate agent- getting back into the business after 6 years of college and work in eco building materials. That said, I can probably get you pointed in a right direction. You are smart as you have 20-25% of the down payment. That is where you can get into a loan easier. That being said, lenders will still be looking at your credit. Most people who have 20 thousand dollars and live where crime is low are not people of a bad charactor, I dont know your specific situation. I suggest you find a good real estate agent- ask freinds and family or call and interview 3 agents. They will meet with you- check your local board of realtors or state licensing site to see if they are in good standing or have a record of problems. Ask the agent to refer to you a couple lenders. I recommend you get an FHA loan as that is what almost all small loans are, and when you put that much money down you can avoid exra monthly fees ( PMI). FHA has relaxed loan guidelines....still the lender will ask you to do this and that to get a formal approval. There is a pre approval, then there is a formal approval. The process to pre approval is usually one day, then you start shopping for a house, put up your deposit and write your offer, get it accepted,,,the final approval and funding is usually a month, but can vary depending on the lenders expertise and your credit situation. Dont worry about the lender pulling your credit. You screened a couple and have a good agent. Do what they recommend and you should be fine I hope this all helps [/quote]
I officially now have $30,000 saved up to buy a new home howeber I have very little credit. I only have one Visa card that I've had about 2 years. I get many offers in the mail just havn't followed up on getting a second one yet.
But If I'm looking for homes priced around $60,000 to $80,000 and put up around $20 to $25,000 for a downpayment (including closing costs) does my credit score really matter? My goal would be to have my morgage around $350 a month or cheaper. I take home after taxes about $1,400 a month.
First time home buyer so any help GLP can offer I would greatly appreciate it.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Discovery of massive black hole upends assumptions on galaxy formation
Statue of Liberty was supposed to be Muslim peasant, Smithsonian says
Obama Issues SHOCKING Threat to States Blocking Muslim Refugees
Scientists invent Nanotechnology that Connects your Brain to your Computer
65% Of Americans No Longer Trust The Mainstream Media
Muslim invaders spreading HIV across Europe at an alarming rate
John Kerry Admits They’re Making “Order Out of Chaos” to Create “World Order”
People Can Pay Their Parking Fines With Cans of Food for the Hungry
RFID chips are Patriotic
Why The Obamacare Exchanges Are Failing
Retail stocks are in the red, except ,,,,
Amazon now plastering Nazi symbolism across NYC while banning books that question the government
Booming Meteor Seen and Heard over Alaska
Freemason membership records spanning 190 years go online
New Report Reveals ‘Thousands’ of ISIS fighters now inside U.S. cities
Media equating Syrian refugees with Pilgrims
Ohio Senator: White Men With Guns Also Terrorists, Greater Threat Than ISIS
Obama administration tells states they can’t refuse Syrian refugees
Agriculture Dept. orders food stamps for refugees
7,900 ISIS jihadists now inside Germany
New Madrid County shaken by 12 earthquakes in less than 24 hours
5 mysterious Unidentified Radio Signals Picked Up By Astronomers
An App That Lets You See Invisible Wireless Signals Around You
Li-Fi An Alternative Wireless Technology To Wi-Fi Is 100 Times Faster
CERN Large Hadron Collider (LHC) Recreates First Moments Of Universe
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.005s (6 queries)