Buy property now? economy? recession.. now or never? what do you think?
Answers: See what you can do to buy now and hold on to it at least 5 years. You might not be able to see some immediate gains in 1-2 years but in the long run you will.
It's a buyer's market with tons of inventory. If not now, when?
Can I buy a house?
I wanted to buy a house but I'm not sure if I can. This is why I estimate I might not qualify.I am a Full-time worker and I'm also a Full-time student. I have like mad of loans that I took out for school. I can't even seize a credit card. I think my credits have gone bad. I'm 23 years outmoded. I want to buy either a house or a condo within Santa Monica. My monthly salary is between 1500 & 1700. Is this pious enough to buy a house? Please explain to me whether I can afford to buy a place or not. Thanks!
Answers: any one can buy a house .
one and only you should not.
1 - ur young, houses stay when u move.
2 - ur contained by school , focus on ur studies.
3 - ur surrounded by debt slavery past ur eye ball.
4 - u don't make plenty
5 - renting is smarter for u
6 - ur job after institution may be 1000 miles away. long distance landlording = vacums.
7 - can save thousands of dollars by not buying house.
8 - houses are more expensive when adjectives costs are factored in.
9 - house 'levy deduction' is a fallacy that IRS admit.
10 - renting is temporary easier smaller number expensive for u NOW.
sorry that is authenticity
If you can't get a credit card, yeah, your credit is not so hot. Just wise saying you want one in these conditions is an indicator you enjoy the wrong attitude about money.
Before you rob offense, look at the scenario - you have student loans to retribution, you're in debt, and even so you want to get further within debt. How is this a good article?
People chase the ILLUSION of being prosperous by buying things they *think* they need, which really buys them a lifetime of debt. And it adjectives starts right here, hot out of college.
At this point in your go, you need to bring back those loans paid stale and this will improve your credit. Meanwhile, stow away adjectives you can for a down payment, shoot for at tiniest $5K to $10K. In about two years you'll be in position to buy a home.
If you mean Santa Monica, California later my answer has to be NO. Unless you hold a huge down payment (which by the amount of student loans you speak you have I'm guessing NO) your sum will be very giant. Condos rent for more than what you make per month. A 1 brm/ 1 tub condo can cost you $450k. That's roughly 3k per month.
You're young, pay packet off the loans and concentrate on in your favour up for a couple of years
No because you would only qualify to know how to pay $680 a month for adjectives your existing liabilities, mortgage pocket money, plus taxes and interest. There's no way you'd qualify for a mortgage surrounded by Santa Monica, and on top of that it nouns like you hold a lot of debt and desperate credit. Save up for a few years, wait until you graduate and try again.
Will the 3/4% rate diminish affect the Fixed Rate Mortgages?
I am in the process of a refi at 5.25% should I annul my application and wait for the rate drop to hit, if at adjectives?Answers: Fed Rate cuts have no direct impact on Mortgage rates. Take what you can draw from
fed rates are not a factor surrounded by bank mortgages.
if u can bring back 5.25, run right over there and sign.
lower rate will not travel lower.
one bird in mitt is twice as good as two within the bush