Rentals in Astoria>Question Details

Farah, Renter in New York, NY

Not so great credit but a great income, would like to live in Astoria.

Asked by Farah, New York, NY Tue Jan 1, 2013

My husband and I would like to live in Astoria. We have a good income but not so great credit. We are young professionals in the process of repairing our credit. We have no bankruptcies or anything along this nature, just collections. The max we would like to pay for a 1 bedroom is 1600, we are looking to move immediately. Please contact if you can help us find a home in Astoria! Thank you.

0 votes Share Flag Rentals in Astoria

Help the community by answering this question:

Answers

8
Rent today; Buy tomorrow. How to convert from Tenant to Homeowner.

When I rented my first apartment in Astoria, I did not want to be a Tenant my whole life and pay my Landlord’s mortgage. I longed to become a Homeowner.

That’s why I found my way into the mortgage business in 1989 and soon afterward became a Homeowner. Here are the fundamentals any Tenant should know to prepare to become a Homeowner in the future, no matter when that might be.

• Credit: Establish 3 credit accounts, no more than 5. Pay your bills on time. Keep your balances to no more than 50% of your credit limit. Don’t pay off the accounts in full. Keep balances active for 12-24 months. All of the above will provide both a good credit score and adequate credit history to qualify for a mortgage loan.

• Assets: A basic savings budget isn’t hard to do. Pay your rent first in your budget; then set aside 10% of your income before taxes . Make it a budget priority and you’ll still have money left over for entertainment and restaurants and clothing.

How much money do you need to buy a home? Many buyers spend no more than $25,000 to buy their first homes. There are loan programs with low down payment requirements and many real estate agents negotiate for their Buyers a “Seller’s concession” to include the Buyer’s closing costs (which are HIGH here in New York!) in the price of the home.

• Income: Two years consistent income is the basic requirement for either a salaried individual or a self-employed person. Income from Bonus, Commission, and Overtime is treated differently and is best discussed with your Mortgage Banker.

• Market Survey: it doesn’t hurt to go out and get to know neighborhoods where you might like to buy a home. Visit open houses on Saturdays and Sundays. It’s okay that you’re not yet buying; tell the Realtor at the Open House you’re just beginning your “survey.” You’ll also get to know market prices for different kinds of homes. It’s okay to “window shop” homes on the weekend at Open Houses!

I hope these fundamentals will help you better understand the path to homeownership is a process that, with preparation and dedication, you can move through easily. And if you’re interested in getting Prequalified today to create an Action Plan for your future of Homeownership, call me anytime!

Trevor Curran
NMLS #40140
http://www.tcurranmortgage.com

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
0 votes Thank Flag Link Tue Aug 20, 2013
Contacting a local Realtor is your best bet. They will know who will accept your credit score and can help your credibility with a home owner. Or you could check MLSLI.com, or the local newspaper.
0 votes Thank Flag Link Sun Feb 10, 2013
WE specialize in rentals , please check our site http://www.WERENTNY.com for all our updated listings
0 votes Thank Flag Link Tue Feb 5, 2013
Hi Farah,

This is a very common situation, I would love to help. You can reach me at 347-463-2979 to discuss your options in detail. I look forward to hearing from you soon!
0 votes Thank Flag Link Wed Jan 9, 2013
Hello Farah. You do not have to have excellent credit to find a rental. Though it is a bonus, it is not always necessary. Consider working with an Agent of your choice to assist you in your search.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.


Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
(631)384-3695
http://cbmoves.com/DeVonte.Williamson
http://devontesellsny.wordpress.com/
http://www.facebook.com/ISellNY
DeVonte.Williamson@cbmoves.com
"I Stand Behind Getting You Results!"
0 votes Thank Flag Link Wed Jan 2, 2013
If looking for a rental check http://www.mlsli.com or work with an agent; check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.
0 votes Thank Flag Link Wed Jan 2, 2013
Contact John Pinard direct at: 917.626.6429
0 votes Thank Flag Link Tue Jan 1, 2013
You must contact Astoria realtor, all of my listing are located in Rego Park, Forest Hills, Kew Gardens,
one bedroom, $1550,$1525,$1575, etc, all this apartment are co-op board approval,
0 votes Thank Flag Link Tue Jan 1, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer