Home Buying in North Haven>Question Details

Cecilia Torr…, Home Buyer in North Haven, CT

I understand that my credit may hinder for a wonder morgage, but a sinlgle mother of 2:it should not stop me?

Asked by Cecilia Torres, North Haven, CT Wed Oct 1, 2008

I understand that the market is not very nice at this moment (with our goverment) I have the financhial capital and I maKe the money and recieve money to take care of my responsiblities. I would think that with the market the way that it is, that more people would rent out the house that are not being sold. There should be nothing wrong with wanting more for, regardless of any situation

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Credit is tight right now. There is nothing wrong for wanting the best for your children. Wanting and good faith doesn''t mean a whole lot now. How secure is your income? Is it dependent on child support and a job that could be in jeopardy because of the market. Owning a home may not be the answer to security and what's best for your children.. A professional once said that the reason why my children have remained whole was that I was the constant. What that means is a roof over their head, needs met that mean survival and encouraging them to achieve more than I could; in otherwords progress and supporting themselves and being good to those around them. As I said in the first question presented, talk to state programs. You could talk to mortgage brokers but bottom line is there are constraints.. Step back, see what is best for your family. It could mean renting; it could mean buying. Just remember owning a home is not the ultimate accomplishment. Keeping your family whole in a town that meets your family needs is what is important.
Remember the government is not to blame. No matter how many times you ask this question, no Realtor has the answer.
1 vote Thank Flag Link Wed Oct 1, 2008
Cecilia,

There is nothing wrong with wanting more, but in the end it is a person's personal responsibility, not the government's job to get more. If you have the money and income to buy a house, do it. If credit is the problem, understand that what got us into this mess in the first place is that people who had bad credit got loans that they weren't responsible enough to pay for, and now the market is tanking. Banks are going to be a bit leary of buyers with poor credit. Understand that they view your credit score as a measure of your ability to handle money, to them it has nothing to do with your savings or income position.

Cameron Piper
Web Reference: http://www.campiper.com
0 votes Thank Flag Link Wed Oct 1, 2008
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