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:Anonymous Coward 23660254:MV8yMDY3OTQ5XzM0Nzk1ODQ3X0MwM0NCNkRD] [quote:Anonymous Coward 7736082:MV8yMDY3OTQ5XzM0Nzk1NzkyX0VBNDdCMjM=] [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] Yeah I've been saving this $30,000 for quite a few years now. I've always paid my one credit card on time so my credit is good but just not built up. I'm just hoping that doesn;t hold me back. I've been doing some minor research on real estate agents but for the most part I'm still clueless. How much would it cost to talk/interview with one and do they provide access to foreclosures in the area that are not listed on websites? [/quote] don't pay anyone to see their 'secret' list, just speak with a reputable agent in area. Also, stop in some local bank branches and inquire there. Usually a list of auctions in local papers as well. [/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 >>
U.S. Senate candidate admits to sacrificing goat, drinking its blood
Montana Law Taking on Federal Militarization of Police Now in Effect
Was Aleister Crowley The Grandfather Of George W. Bush?
“Camping” on Your Own Land is Now Illegal — Gov’t Waging War on Off-Grid Living
Media Continues to Call for the Use of Gov’t Force to Confiscate Millions of Guns
Hillary’s Already Planning to Sign Executive Orders for Gun Control If She’s Elected President
Free Speech Watch: Prior Restraint Makes a Comeback as US Courts Seek to Squelch Dissent
Did the UN Really Install a Global Police Force at the Local Level?
Delta Force Planned to Stage a Fake Hijacking After 9/11
This Is The World’s Most Amazing Clock, It’s Movement Is Completely Mesmerizing
Researchers Just Made Batteries From Mushrooms… And They’re Surprisingly Good‏
ISIS issues a grave warning to America: We have scores of "trained soldiers" positioned in 15 states and we're ready to attack.
Top Scientist Resigns Admitting Global Warming Is A Big Scam
The UN’s Disturbing Vision Of The Future Of The Internet
VIDEO: Did A UFO Shoot Down The Russian Meteor?
VIDEO: McDonalds – The Ten Most Disgusting Things Found In Its Food
Amazon Indians Say Earth Has A Subterranean World Underground
KID TAKES OUT STEP DAD HITTING MOTHER (VIDEO)
A 10 Pound “Miracle” Fruit That Smells Like Rotting Onions and Tastes Like Pulled Pork Could Save Millions From Starvation
Experts Warn Of New Facebook 'Dislike Button' Scam
NASA To Reveal 'Major Science Finding' On Mars
Pope Francis: I'm Not A Liberal, My Doctrine Is The Doctrine Of The Church
Proposed Bill Would Cease Pay For Lawmakers During Government Shutdown
Pope Claims Jesus Failed On The Cross
Something Did Happen in September
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 (5 queries)