Timeline for Can having a co-signer on a house loan reduce the down payment required?
Current License: CC BY-SA 3.0
10 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 5, 2015 at 5:39 | review | Close votes | |||
| Aug 5, 2015 at 11:36 | |||||
| Jan 8, 2015 at 16:28 | answer | added | keshlam | timeline score: 1 | |
| Jan 7, 2015 at 23:18 | comment | added | BrianH | If you are new to home buying, living on your own, and/or have had your present job for less than 1-2 years, regardless of what the bank will or won't do: really do not jump straight into buying a house. That's a huge learning curve! What area will be nice to live in, what do you really want/need/like in a home, is the job going to be stable, handling all the other responsibility of living on your own and owning a house - these are things that take experience. The experience of renting is cheap - of buying the wrong place or losing a job after house purchase? That's amazingly expensive! | |
| Jan 7, 2015 at 21:03 | history | edited | JohnFx♦ | CC BY-SA 3.0 |
edited title
|
| Jan 7, 2015 at 19:43 | history | tweeted | twitter.com/#!/StackFinance/status/552913351828070402 | ||
| Jan 7, 2015 at 19:14 | comment | added | Pete B. | Renting is not throwing money away. You should take a rental there that is inexpensive and safe, and check things out. You may find that you want to live in a different part of the city or you may not like your job. Additionally, if/when you do decide to buy, look for a company that does manual underwriting. They can look past some of the standard gotcha's to qualify you for a mortgage. | |
| Jan 7, 2015 at 16:59 | comment | added | asharpdesigner | Currently still living at home. And I feel like getting an apartment is just throwing money away. I would like to move back towards working for myself but stick with the current job until it is more stable. Also, the area I am looking at is in a good place in the city that I could get to most areas in less than a half hour. Where as right now I am out in the suburbs on the other side of the city. | |
| Jan 7, 2015 at 16:56 | comment | added | dg99 | This may be off-topic to your question, but why are you so eager to buy a house? Are you sure you will be living in the area long enough to make it worthwhile? What if you're let go from this new job and have to find another one that's again an hour away? | |
| Jan 7, 2015 at 16:51 | review | First posts | |||
| Jan 7, 2015 at 16:56 | |||||
| Jan 7, 2015 at 16:49 | history | asked | asharpdesigner | CC BY-SA 3.0 |