These are all good advises! It all comes to your purchasing power! How much can you afford? Where can you afford to live? Living in the City, or Suburb?
Home ownership is the right way to go, however if your budget is $1,600 that put you around $200K purchase price. (Condos + Town Homes)
Step 1. Call a Loan Officer and discuss your options and explain your credit history
http://(www.myfico.com), and learn about your affordability. If you are ready to proceed, give your SSN and get a Pre-Approval.
Step 2. Consult a Real Estate Agent to define your home buying needs, view some properties that within your purchasing limits.
Step 3. Read about Affordability Index (
http://htaindex.cnt.org/) to understand location vs. travel to work.
Step 4. Choose a location + the right house + make a decision = Home Ownership
Or you wait to save more money, or get better job and than buy a home!
Word of advice-
Don't wait to buy a Real Estate, Buy Real Estate and Wait!
Need any help, we are here to guide you and bring Joy to your home buying process!
Cheers,
- Wed Jun 18 2008, 18:54