Posted on: 23rd May, 2009 07:48 am
His monthly income is $1,700 a month after taxes his current other obligations are about 450 a month, he will have 250 in additional income from a roommate, could he afford to buy a piece of property with a 1974 buddy mobile home on a permanent foundation with basement, taxes 300 per year. He could afford a small down payment.
can he make initial payment ? How much down payment he can afford?
pl specify.
pl specify.
check his budget so that he can handle or manage to do initial payment.
I will suggest you should check how you can go for deal without afecting present financial situation.
As there is recession you should think as long term.
I will suggest you should check how you can go for deal without afecting present financial situation.
As there is recession you should think as long term.
are there any programs out there that offer a full purchase price loan or 3% down payment, would this not be a good way to invest his money, he's new to home owning. Thanks