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| Also how do I shop for the best/lowest rates? I've heard that the more your credit is checked, the lower your beacon score drops.... |
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| I live in a 3 bedroom, approx 900 sq. ft apartment in Regina, SK, Canada (population 200,000) and I pay $980/ month, heat and hot water included. I think that's the most I would pay for rent on ... |
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 How to write an adress including P.O box# and apt#? |
It is a USA adress. ok here is a sample lets say it is given to me like this:
942 E. Ponce de Leon Aven.
CA, 30046
p.o.box #95-B
Apart. No. 08-B
How should I... |
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 Loan officer making a deal behind our back? |
| we're currently in the process of getting an FHA mortgage loan with bank of america. for some reason, it's very important we tell our loan officer who our realtor is. my boyfriend thinks ... |
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 I am interested in purchasing a home.....? |
I read that you can assume another persons mortgage loan through a bank. Does anyone know exactly how this works? Is it a good or bad idea to purchase your first home this way?
Additional D... |
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 Washington Mutual for first home loan? |
| I bank with Washington Mutual. Is this where I should go for my first home purchase? Should I give a second look to a broker or alternate lender?... |
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| It ticks me off cause you have all of these poor animals in the animal shelter that needs a home.I am responsiable. They make the excuse that a dog will tear the apartment up.Whatever.Humans are the ... |
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 Need some quick advice!!? |
| tomorrow my fiance and i are going to look at a house that we possibly might buy (first time buyers) and i need some advice on how to talk down the price- finagle- is that the word? please help!!!!!!!... |
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| I have decided to leave my partner and really need a place of my own with my daughter any advice would be welcome.... |
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| My bf and I went house hunting over the weekend. We checked out a couple of model homes and he really likes this one house inparticular. It's about 2700sf,4 bedrooms (5 optional), and its ... |
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 What upgrades can you do to raise the value of your home? |
My husband and I are wanting to do some upgrades to our house, and I just want to know what kind of upgrades will actually raise the value of your home?
Thank you so much!
Additional D... |
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Maddy505 | Can I buy a house even though I'm only 18? |
Will there still be a problem if I pay cash? Is there an issue if I have so little credit willl it still affect me?
Additional Details
If i go away to college will it affect me even though my parents are still living at the house i buy? |
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jake
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yeah you can! |
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Doctor Deth
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you have enough cash to pay for a house, but little credit? how did that happen? |
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Ross
 |
You would probably need a co-signer if you don't use cash. IF you don't need the cash on hand buy the house. In a few years you should have enough equity and credit to get a loan against the home if you have a need for the money. My bro-in-law was a home owner at 18 using a co-signer. |
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heyteach
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You're legally an adult, so there is no problem. What will be an issue is how at your age you can AFFORD a house. IF you can, then you're good to go. If not, your age, lack of work history, etc. will work against you.
When you say, pay cash, do you mean you can slap down the full purchase price now? If so, no one's going to stop you.
Get a buyer's agent (free to you) and get pre-qualified and go look--it's a buyer's market. If you want a home to live in and can afford it you can get a bargain. If it's an investment, I hope you did your research. |
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Rynosauraus
 |
Yes, you can purchase a house at 18. Buy a house at 18 with cash - WOW! That is certainly not a problem.
If you do not have much/any credit you may have to go to a lender which does Manual Underwriting. This type of lender, instead of going strictly by your FICO (credit) Score to approve the loan, looks at your income, outgo, paying your rent on time, etc to determine if you are worthy of a mortgage.
Good luck. |
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haygirlc
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You are legally an adult at 18. If you have cash to buy, congratulations! Even better if your parents can enjoy the purchase while you're at school. Credit history should not be a factor in a cash sale.
However, make sure you have the income to pay the maintenantance, insurance, and property taxes. The purchase price is only the beginning of the black hole of ownership. |
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MyMxboys is an *old bag too*
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If you can pay cash for a home. congratualtions. The home will be used as collateral on any future credit applications |
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Joe Phx
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With enough down, you should be alright. |
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NevadaHomes
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Hi Maddy505,
You are of legal age to purchase a home. As long as you have a substantial down payment, financing won't be too much of an issue. Cash is even better. If you are ready, then go ahead and go for it. |
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ronidl76
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You can buy almost anything cash, but why would you want to do that?
Invest that money and make it work for you. You won't make any money on the house when you resell, and at 18, my guess is that you won't stay at that house for a long time. You're 18. You have things to do. Plus, you have to worry about property taxes and insurance. Make your money work for you in better ways. |
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Expert Realtor
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If you pay cash, your credit doesn't matter. |
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