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

0 votes Share Flag Rentals in Garland

Help the community by answering this question:

Answers

4
BEST ANSWER
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
972-699-9111
http://www.lynn911.com

Follow me on Facebook
http://www.facebook.com/lynn911dallas
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
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
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
Search Advice
Ask our community a question
Email me when…

Learn more

Home > Texas > Dallas County > Garland > Rentals in Garland > Question
Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer