Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Real Estate Law (https://www.askmehelpdesk.com/forumdisplay.php?f=29)
-   -   I need help I'm working I can pay my morage I want to start a frash (https://www.askmehelpdesk.com/showthread.php?t=726474)

  • Jan 6, 2013, 04:57 PM
    sylester23
    I need help I'm working I can pay my morage I want to start a frash
    How can I buy a house whit no down payment I have bad credit what can I do , I moving from place to plase I want to start all over again . Please someone help me
  • Jan 6, 2013, 05:08 PM
    JudyKayTee
    Where?

    If you have no down payment and bad credit purchasing a house will be difficult. You should clean up your credit - pay your bills on time, build up good credit.

    Rent to buy might be an option - but that would still require a credit check.

    If you have not paid your bills on time in the past no one is going to be willing to trust you to make mortgage payments.
  • Jan 6, 2013, 05:29 PM
    odinn7
    It's hard enough to get a house as it is... but with no down payment and poor credit, you're just going to have to rent like others do.
  • Jan 6, 2013, 06:59 PM
    joypulv
    Several years ago you could have. Now - not a chance, unless you can find a FSBO who is desperate to sell and will write you a loan. You could offer a balloon arrangement based on a 30 year term, but due in 5 years, which will give you time to build up some equity and get a 30 year loan from a bank.
  • Jan 6, 2013, 07:28 PM
    Fr_Chuck
    Sorry will not happen at this point, so you make a plan for it to happen in the future.

    You get a steady job and start saving up money for a down payment. You stop moving from place to place and rent one place with lower rent.

    Then you start paying all your bills on time and improve your credit.

  • All times are GMT -7. The time now is 03:18 PM.