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07-03-2004, 11:21 AM
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Originally Posted by jaymar88
no one has mentioned that you wont find a house for 200-300 in socal.. a condo yes.. a house.. maybe a 2 bed 1000 sq. ft.
even the condos here go for 270-350.
I dont have a very big house
4 bd 2.5 bath 2800 sq ft.. and my house is at 580k.
even the condos here go for 270-350.
I dont have a very big house
4 bd 2.5 bath 2800 sq ft.. and my house is at 580k.
JAY!
actually you can buy a house for under 300K in CA
in areas like Los Banos, Stockton, etc. Yeah basically middle of no where Your house is pretty big
h: mine is 900sq/ft smaller... But worth about 200K more :happysad:
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-03-2004, 11:24 AM
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Originally Posted by teg128
I have good credit and enough to put 5% down on a 250K house. The problem is I make under 50K and have no assets.
That's going to be tough. so you're looking at like 240K loan for 30 years at 6% or so is about 1200/month.
You may still be able to get a loan but they'll probably make you pay mortgage insurace on it.
Have you talked to a loan officer at a bank?
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-03-2004, 11:35 AM
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Originally Posted by DakarM
That's going to be tough. so you're looking at like 240K loan for 30 years at 6% or so is about 1200/month.
You may still be able to get a loan but they'll probably make you pay mortgage insurace on it.
Have you talked to a loan officer at a bank?
You may still be able to get a loan but they'll probably make you pay mortgage insurace on it.
Have you talked to a loan officer at a bank?
h:
07-03-2004, 11:39 AM
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Originally Posted by teg128
I haven't talked to anyone yet. I want to be sure I qualify and save myself the embarrassment h:
h:it's nothing to be embarrassed about. it's tough these days to buy a home. think about it this way, you are guessing right now. I'm guessing as well, since my situation was very very different.
now the loan officer at a bank can give you what you need to do to qualify for that loan.
go talk to them. there is no embarassment in that.
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-03-2004, 11:49 AM
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Originally Posted by DakarM
it's nothing to be embarrassed about. it's tough these days to buy a home. think about it this way, you are guessing right now. I'm guessing as well, since my situation was very very different.
now the loan officer at a bank can give you what you need to do to qualify for that loan.
go talk to them. there is no embarassment in that.
now the loan officer at a bank can give you what you need to do to qualify for that loan.
go talk to them. there is no embarassment in that.
07-03-2004, 12:59 PM
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Originally Posted by teg128
The main probelm is I don't make enough, that's probably what they'll tell me. And I am single with no children.
well wouldn't you rather find out what they will say instead of speculating?
you will never know until you ask.
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Originally Posted by WiLL
...I really wanna get out and shoot people.
07-03-2004, 01:42 PM
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my bro works for full spectrum/countrywide...they do home loans. if you want i can give you his number and setup a loan....oh and if you are worried about getting ripped off don't worry. the company doesn't commission that way. there are two types of mortgage companies:
company a) they can get you a loan but points and intrest rates are hiked up and employess make commission the more they hike it up.
company b) they can only get you a loan for what you qualify for. eg. if you have good or bad credit you get the lowest interest rate the market will allow. and employees cant hike it up cause they don't get paid that way. so if your credit qualifies you for a 5.25% loan then you get a 5.25% loan.
company a) they can get you a loan but points and intrest rates are hiked up and employess make commission the more they hike it up.
company b) they can only get you a loan for what you qualify for. eg. if you have good or bad credit you get the lowest interest rate the market will allow. and employees cant hike it up cause they don't get paid that way. so if your credit qualifies you for a 5.25% loan then you get a 5.25% loan.