Users Online Now:
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 7736082:MV8yMDY3OTQ5XzM0Nzk2NzM4XzYyQkQ1NTk=] [quote:Elemental:MV8yMDY3OTQ5XzM0Nzk2NjMxXzdFMzUwN0NB] [quote:Anonymous Coward 7736082:MV8yMDY3OTQ5XzM0Nzk1NjM4XzE1NUMxMDgw] Nobody has any good advice for a first time buyer that can't be found by googling? I want to hear some experiences. [/quote] I'm a mortgage broker in the UK, credit score means everything when applying, especially at higher loan to values. Having a small amount of credit can actually work against you (known as a *thin* credit file) when there is not enough evidence to ascertain whether you're credit worthy or not. [/quote] What would be the quickest way to build it up? I am going to apply for another credit card but would it be better to take out a small loan on an expensive appliance or something and pay it off monthly? [/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 >>
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 - 2017 Godlikeproductions.com
Page generated in 0.007s (5 queries)