Renting or buying may become an issue when you don't have enough credit, but renting could be faster while you're looking. If you're not qualified to buy yet, you can have a place of your own while you work on it, and paying rent on time will help.
With renting, you just need someone to take a chance. Show landlords and property managers that you and your fiance have a stable work history, and other bills you have paid on time, like a cell phone or car payment, for example. If you've paid your parents rent, show your canceled checks. Then offer to meet them in person and bring your dog, so they can see how sweet she is. If they see she isn't like a stereotypical pit bull, they may take a chance.
As for buying, I can send you a lender or two to talk to. They can see if you'd qualify for anything now, and you'll never know until you talk to a lender. Be prepared to give them ALL of the paperwork that they ask for. It's a hassle, but it's way better to be prepared ahead of time, because surprises are rarely good in escrow and could cost you money.
Let me know if you have any other questions at all.
Cory La Scala, REALTOR
I don't want you think that your circumstances are not a problem because dog breed restrictions do exist and your lack of rental history makes it tougher. However, you can benefit from some research and straight talk about some alternatives. Good luck.
In today's market, a mortgage payment is oftentimes lower than a rental payment. I'd like to talk to you more about your situation to see how I can help. I help both buyers and tenants and can help you which ever way you decide to go.
I understand that you are worried about your credit. I know a great company that has helped assist many of my clients get their credit scores up fast.
Let me know if I can help!
Depending upon you price range, it sounds like a small, craftsman home is your best option - to live or to rent. They are abundant in the North Park and Normal Heights Communities.
As far as a possible purchase, I strongly urge you to speak with a reputable loan officer (if you havn't already) so that you can determine whether owning is even an option.
As far as rentals go, I think the best bet for finding homes is Craigslist.
Please let me know if I can answer any other questions.
If you buy a home it would be simpler, most homes in that area do not have restrictions, with condos and rentals however, the owner or homeowner's association do, The best thing is to start by getting you pre-approved with a lender so you know what is your purchasing power.
Once you know how much you can afford, it is easier to look for a home. Homeownership has many advantages over renting:
1. You can build equity, 2. Most of your payment can be tax deductible (consult your tax advisor), 3. Great investment for your retirement, etc.
Hector R. Gastelum
Realty Executives Dillon
2240 Otay Lakes Rd. #306
Chula Vista, Ca 91913
If you are looking to purchase, you need to talk to a lender to get pre-qualified. There are many programs available for first time home buyers that require little down payment.
Many lenders or landlords accept cancelled checks for rent payment even though it is paid to your parents. The weight and breed of your dog can be an issue with some landlords and HOA rules and regulations which requires looking a bit harder to find a property.
Please donâ€™t hesitate to contact me with any questions
Visit me at:
DRE Lic# 01346232
You can purchase a property with as little as 3.5% down with FHA finacing. If you do have some savings, then the first step is to hook up with a Realtor that can put you in touch with a good reputable lender to guide you through the financial end. Once you've established what you qualify for then you and your Realtor can sit down and discuss what you can purchase for your money.
If you don't already have a realationship with a Realtor, then feel free to call me and I will be happy to work with you.
Thanks for your time and good luck.
Serving Buyers and Sellers since 1988