Posted on: 23rd Feb, 2009 08:28 pm
(Sorry if this is not the appropriate forum.)
I am going to start law school in the fall and instead of renting this time around, I was hoping to buy a condo or small home in the 100,000-150,000 range.
This would be my first loan of any type and I have a limited credit history, but no missed payments of any type and only around 10k in outstanding student loans.
I do not have a job as I have been working for my parents since graduation, but they would be willing to cosign on anything or put up property if it would help.
I have savings and will be receiving more than enough from Stafford loans to cover the mortgage expenses for the next three years.
Would a bank take a chance on a blank slate like myself or show me the door before I could sit down?
I am going to start law school in the fall and instead of renting this time around, I was hoping to buy a condo or small home in the 100,000-150,000 range.
This would be my first loan of any type and I have a limited credit history, but no missed payments of any type and only around 10k in outstanding student loans.
I do not have a job as I have been working for my parents since graduation, but they would be willing to cosign on anything or put up property if it would help.
I have savings and will be receiving more than enough from Stafford loans to cover the mortgage expenses for the next three years.
Would a bank take a chance on a blank slate like myself or show me the door before I could sit down?
Hi Rookie,
I think you should speak to the lenders of your area and check out if they are ready to give you a loan. You have mentioned that you have been working with your parents and they are even ready to co-sign for you. This can be a positive point for you and may help you in getting a loan.
You can also speak to the lenders of this community and seek a no obligation free consultation from them. This will also help you in knowing whether you will be receiving a loan or not. This will also help you to know the rates you can expect to get.
Thanks.
I think you should speak to the lenders of your area and check out if they are ready to give you a loan. You have mentioned that you have been working with your parents and they are even ready to co-sign for you. This can be a positive point for you and may help you in getting a loan.
You can also speak to the lenders of this community and seek a no obligation free consultation from them. This will also help you in knowing whether you will be receiving a loan or not. This will also help you to know the rates you can expect to get.
Thanks.
I can help! Email me!
MSmith@PrecisionFundingUSA.com
M
I am on line now!
MSmith@PrecisionFundingUSA.com
M
I am on line now!
They have free help here that you can sign up for on the main page and talk to a loan officer or lender.
i'm so sick of this "i can help i am on line now" nonsense from the mortgage man x. he is a serial violator of the precepts of this forum, and i urge everyone to avoid him.
mr grad student, your stafford loans will not be income. methinks you'd be best served to have parents purchase a home as a second home for themselves; add you as cosigner perhaps so as to help you establish a track record. then, after a while, you'd be able, perhaps, to take over the ownership for yourself once you have a job with a wage.
mr grad student, your stafford loans will not be income. methinks you'd be best served to have parents purchase a home as a second home for themselves; add you as cosigner perhaps so as to help you establish a track record. then, after a while, you'd be able, perhaps, to take over the ownership for yourself once you have a job with a wage.
Yea george i totally have to agree with you about this "I CAN HELP" people they should be banned by IP adress or something so they cannot just keep making new accounts.