Never ever get financial advice from Facebook

[5010]

$15/hr isn't the deal breaker for me. I'd say be patient and

• Get your credit score up.
• Save up at least 20% of the down payment (Or 15% with your local down payment assistance programs)
• Pay off your student and car loans

Do that and your mortgage on that house will be cheaper than renting.

 

[Kwabena]

 

[Drip Bayless]

 

[Ineedmoney504]

bytch gotta be a idiot bruh

 

[DonkeyPuncher718]

 

[calixprynce]

idk about no $12-15 an hour lol . but im looking at getting FHA loan , even if the MI is for 11 years

 

[KING WILL]

Another thing too...

What a Lender says you qual for and what you can actually afford are 2 different things.

Back in 2012 when getting my 1st house I was making either high 50's, but had no debts.

The Bank said I qualified for a $413K loan.

I was like hell nah and got me a townhouse for $109K.

shyt would have been stupid...

 

[Orange cream shake]

idk about no $12-15 an hour lol . but im looking at getting FHA loan , even if the MI is for 11 years

Did MI change? Last time I was processing loans it was life of the loan unless you refinance.

It’s bad but yeah you would see people bringing home 30k a year with 100,000 -200,000 homes they were defaulting on.


Edit: 11 years is still too long to pay the bank money just in case I default. And you gotta put down more than10% which most people can’t

 

[calixprynce]

Did MI change? Last time I was processing loans it was life of the loan unless you refinance.

It’s bad but yeah you would see people bringing home 30k a year with 100,000 -200,000 homes they were defaulting on.


Edit: 11 years is still too long to pay the bank money just in case I default. And you gotta put down more than10% which most people can’t

Yeah but I’m on some Mexican shyt. I intend on my bro and sis paying pmi and interest, I’ll handle the principal

I was gonna save up the 20% but said fucc it, rather not wait. Plenty of millennials waiting on that 20% while prices go up then they never cop..