If you are serious about buying, you need a game plan. No one will lend to you if you donâ€™t have jobs. Income is required to make payments over a long term. If you put 50% down and canâ€™t make payments the lender (and you) has a problem. In fact, I am not sure that you will find it easy to rent without a regular income, unless you have enough investment income to pay rent or make mortgage payments.
When you get to Palm Springs, contact a Realtor and sit down for a chat about the market, the type of home you want, where you want to live and how you expect to make mortgage payments. Your Realtor can refer you to a quality local mortgage lender. Sit down with the lender and put together your game plan to get into the house that meets your needs.
I know some great Realtors in the Palm Springs area. Let me know if you would like a referral to one.
John Juarez, Realtor
The Medford Team
Windermere Welcome Home