Rentals in Garland>Question Details

Shanna Johns…, Other/Just Looking in Dallas, TX

Is it better to rent or buy when you have no money saved up and your credit score is 642?

Asked by Shanna Johnson, Dallas, TX Sat Feb 2, 2013

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Rent. Build your credit and save for down payment and reserves.
0 votes Thank Flag Link Sat Feb 2, 2013
1. Save for downpayment
2. You will then own your home NO MORE landlord, you receive annual tax benefits

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer

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0 votes Thank Flag Link Sun Feb 3, 2013
While cash reserves are not required...... A down payment is!!

There are down payment assistance programs. But if you have a hard time saving.... You might not be ready to buy.

Tom Burris
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0 votes Thank Flag Link Sat Feb 2, 2013
Yes, lenders are going to require at least 3.5% down for FHA plus 2-months in reserves...
0 votes Thank Flag Link Sat Feb 2, 2013
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