Posted on: 26th Jun, 2013 12:18 am
My grandmother's house is going into auction and I want to buy it before the auction takes place. I am 18 years old and I need to know how I can buy the property. Please help.
Hi Orman,
Well, you haven't given all the details. Do you have a job? What is your credit score like? Unless you can show some stable income and employment along with good credit, you won't be able to get a loan.
Thanks,
Jerry
Well, you haven't given all the details. Do you have a job? What is your credit score like? Unless you can show some stable income and employment along with good credit, you won't be able to get a loan.
Thanks,
Jerry
Hi Orman!
Welcome to the forums!
As you are 18 years old, I don't think you have a good and stable job or 2 years of employment history. In such a situation, it will be difficult for you to get a mortgage to buy the property. However, if you can manage a co-signer for your loan, then things will be different.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
As you are 18 years old, I don't think you have a good and stable job or 2 years of employment history. In such a situation, it will be difficult for you to get a mortgage to buy the property. However, if you can manage a co-signer for your loan, then things will be different.
Feel free to ask if you've further queries.
Sussane