Re: buying real estate
okay --
first you need to figure out what you can afford to pay in payments. ins. taxes repairs etc per month. that figure is about 30% of your income-- max.
triple or quad your income and that is about the house you can afford-- max.
read about buying real estate first so you know something, as you dont as of yet. then look for owner financed properties. either by an ad or calling some real estate agencies and asking what they know of in your range. this way you dont have to qualify at all. and dont pay closing costs and points or fees or mortagage insurance.
then learn to judge what each place you look at is worth. you can not believe anyone else-- period. good luck.
if you must fall for the loan route, you can usually get a no approval needed loan if you put at least 25% down. you have to go to more than one place. its called work.
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