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Advice on buying please.

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begavet

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Post Posted: Sat Feb 26, 2011 11:31 pm    Post subject: Advice on buying please.
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Hello I am currently looking to see if its possible to invest in a small property and maybe sell it for a little higher later on. To start off I currently make about 34,000.00 a year and I have about 7,000 in debt. Im currently waiting on my income tax which will give me about 15,000 saved up, I wanted to see if it was possible to find properties around maybe 20s to 30s or even lower that I would qualify to buy with perfect credit history? Also, is going with a homepath mortgage a good idea?
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adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Sun Feb 27, 2011 8:43 pm    Post subject:
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Hi begavet,

If you have a good credit, debt to income ratio and the required down payment, you'll be able to qualify for a mortgage. You should contact a real estate broker and discuss your options with him/her. You can go for a fixed rate mortgage for your property.

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