Ok - first of, for the ones who know me on facebook, please keep this out of there
I am seriously looking into buying a home soon, but I am also seriously clueless about it. And there are some major problems too.
Problem #1 - My credit - I went through debit management so my credit is not the best. It is not horrible, but not good.
I do have a good income, no debt, a credit card that I pay off monthly and I am working on rebuilding my credit. At this point everything is paid off, including my car - all my income is free.
As I did my research, I saw that my problem will be a higher rate, which I am ok with, and probably a higher down payment - I am also ok with it.
I live in Dallas, and it makes sense to me now to buy a home instead of keeping paying rent - specially with my petsitting costs and situation.....
Sounds crazy, but my plan is to get a roommate to live for free with me for free, utilities paid, in exchange for sitting services while I am out of town - I think that is a good deal for both of us. Right now I am paying more than rent for sitters, and while I don't have a problem with that, I believe I can get more for me and the kitties with the same $$$. More space and more stability, with one person living there, instead of several sitters.
I would also save $$$ in the process.
Hopefully the kitties would have a yard...... and a home office for myself - my apartment is way too tiny for me to live and work.
Anyways..... Evidently this is a new thing for me.
I know nothing. I don't know where to go, types of loans, NOTHING.
I know I might have some advantages as a first time buyer - or so I hear...... But - What do I do first?
I have no family here in the US.... so....... I am sorry my questions sound kink of dumb -
I guess help?
If I can't buy, my choice will be renting a house but If I can make this work I rather buy even with higher rates and refinancing in the future when my credit is better - at least the $$$ will be going into something of my own.
Thanks!
I am seriously looking into buying a home soon, but I am also seriously clueless about it. And there are some major problems too.
Problem #1 - My credit - I went through debit management so my credit is not the best. It is not horrible, but not good.
I do have a good income, no debt, a credit card that I pay off monthly and I am working on rebuilding my credit. At this point everything is paid off, including my car - all my income is free.
As I did my research, I saw that my problem will be a higher rate, which I am ok with, and probably a higher down payment - I am also ok with it.
I live in Dallas, and it makes sense to me now to buy a home instead of keeping paying rent - specially with my petsitting costs and situation.....
Sounds crazy, but my plan is to get a roommate to live for free with me for free, utilities paid, in exchange for sitting services while I am out of town - I think that is a good deal for both of us. Right now I am paying more than rent for sitters, and while I don't have a problem with that, I believe I can get more for me and the kitties with the same $$$. More space and more stability, with one person living there, instead of several sitters.
I would also save $$$ in the process.
Hopefully the kitties would have a yard...... and a home office for myself - my apartment is way too tiny for me to live and work.
Anyways..... Evidently this is a new thing for me.
I know nothing. I don't know where to go, types of loans, NOTHING.
I know I might have some advantages as a first time buyer - or so I hear...... But - What do I do first?
I have no family here in the US.... so....... I am sorry my questions sound kink of dumb -
I guess help?
If I can't buy, my choice will be renting a house but If I can make this work I rather buy even with higher rates and refinancing in the future when my credit is better - at least the $$$ will be going into something of my own.
Thanks!