A few nice condominium images I found:
Condominium windows 3
Image by tanakawho
Lights from condominium windows. Pushing the shutter, thumb cure I swang my camera. Rather intriguing outcome, online more about is not it?^?^??
For much more properties click right here…
Condominium windows 1
Image by tanakawho
Lights from condominium windows. Pushing the shutter, I swang my camera. Really interesting outcome, is not it?^?^??
Much more fantastic houses click right here…
Question by Emmu: How wise would it be to try to buy a home when I possess bad credit?
My fiance and I want to buy a home but our credit is not good. His is better (in the high 600) and mine is in the low 600. Would it be better to wait until our credit improves to buy a home(this might take years) or to try and buy a home now and face higher rates?
Best answer:
Answer by bishop_larry
I would try an interest only loan for 3-5 years, diagnosis this would enable a decent payment even with a high interest rate. Show the lender a good payment history and refinance at a later date. Depending on your current rental costs the interest only mortgage pmts might be similar.
Add your own answer in the comments!
Your credit score isn’t all that bad considering the national averages.
However, you have some other options besides outright purchasing a home for sale:
1. Lease Option or Rent-to-Own: Look for these advertised in the classifieds, that allow you to rent a house for a certain term (like 1 to 3 years), where some or all of your rent goes toward the purchase price. Then, when you’re ready (you should repair your credit during this time), you can purchase the house. Part of your down payment will already have been paid.
2. Talk to the Fair Housing Administration (FHA – http://www.fha.gov) about HUD loans for low-income and not-so-good-credit individuals.
3. Look into purchasing a foreclosed home at an auction.
4. Ask a close friend or family member with good credit to co-sign your mortgage.
5. See if anyone is advertising “seller financing” or “owner financing”, in which the seller will allow you to make mortgage payments directly to them.
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Update: DO NOT apply for an interest-only loan. You will be severely hit with a balloon payment down the line, or higher payments, or at the very least you’ll have to refinance and pay additional closing costs. Interest rates are rising, and you won’t want to do that. Stay away from these!
I would look now and see what you get. You actually might be suprised. Your credit does not sound bad at all. You can get 100% financing with credit scores as low as 580, sometimes lower if you find a good broker. There are various mortgage programs out there that are designed for people with bad, okay, and excellent credit. If you put it off, the appreciation rate on houses will continue to rise and you will actually be spending more money on a house latter than if you would buy that same house today.