Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 98208 : Real Estate Advice

  • All14
  • Local Info1
  • Home Buying7
  • Home Selling0
  • Market Conditions0

Activity 3
Wed Oct 5, 2016
Beth Anne answered:
What is your credit score? If it's under 700 and you don't have a lot of assets I would wait and work up to a better financial situation to enter home ownership. Granted I am conservative (financially), but I do believe if you're purchasing a home you shouldn't have any major debt. Low to zero credit card balance,
modest car payments-- but preferably no car payments, and student loans paid off or close...
... more
0 votes 1 answer Share Flag
Fri Jan 3, 2014
kevin colombana answered:
Hard money still requires a down payment in most cases, at least 10% but probably more with a 12% I/O loan. They don't typically finance longer than 6 months in my experience, so you'll have to refinance into a conventional loan. That would probably mean doing things that make it financeable first. If you want more guidance, you can contact Caliber Real Estate, I have used them in the past, Ian Morrell was always my contact and would recommend him.

Good Luck.
Kevin
... more
0 votes 1 answer Share Flag
Mon Oct 28, 2013
Saihou Drammeh answered:
Hello Sara,

It sounds like you're trapped in a situation of not your own doing. You may not be able to stay at that current location, but there are at least seven $0 down payment programs available to you as a first time buyer. go to www.wshfc.org. check out the programs there and call me at (206)291-4450. I do teach home buyer seminars. You do have several options to get your own house.

Good Luck to you!!!

Saihou
... more
0 votes 9 answers Share Flag
Search Advice
Search

Followers

129