Users Online Now:
GLP Poker Rooms
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:MV8yMDY3OTQ5XzM0Nzk1NzQ1XzI1NkU5MENE] 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 >>
Total Solar Eclipse Coming August 21, 2017
Soros Got Hacked. Can You Guess What We Found?
Yes, US Government Propaganda Use Against American Citizens Is Officially Legal Now
The Federal Reserve Just Made a Facebook Page … And It’s Getting Destroyed by Trolls
WHO Manual Directing "Authorities" on How to Respond to Vaccine Deniers in PUblic
Fugitive 'Facebook founder' says he's alive and well but 'running for his life' from CIA
New Gun Control Idea: Take Guns from Senior Citizens
10 Things We Know About The Mock Human Sacrifice That Was Just Conducted At CERN
More About a U.S.-and-Allied Hoax Against Assad
Illuminati Use Classic Slave-Making Methods
Squid Teeth Could One Day Help Repair Your Ripped Clothing
A New Type Of Brain Scan Shows Where Genes Are Being Turned Off
Saturn's Moon Titan Has Deep Canyons Flooded With Liquid
A Tiny Part Of Your Suntan Is Intergalactic
Two Muslims Shot On Street In Queens - Trump IMMEDIATELY Blamed
China is developing a hypersonic jet
Where Does Your Info Come From? Mainstream Media Now Literally Using Robots to Write News
States Should Restore Gold and Silver as Legal Tender before the Monetary Crisis Arrives
Roman ‘Curse Tablets’ Made of Gold Discovered in Viminacium, Serbia
Remote control of the brain is coming
Woman Claims She Was Sexually Assaulted By Pokemon Go Character
Hacker Publishes List Of Cell Phone Numbers, Private E-Mails For Most House Democrats
Fish With ‘Human Teeth’ Is Being Found in Michigan Lakes
Asteroid Mining CEO Says Cities In Space Are 30 Years Away
George Soros declares war on Voter ID, openly advocates VOTER FRAUD
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 0.006s (5 queries)