Home     Forum     401k     401k Rollovers
    Register   Login   Members   Search   FAQs     Recent Posts    




Search found 5 matches
Author Message
  Topic: Loan for a fix-it-up home
DavidV

Replies: 18
Views: 52660

Post image iconForum: Credit & Loans   Posted: Fri Oct 18, 2013 5:56 pm   Subject: Loan for a fix-it-up home
I'm thinking that if the OP is willing to live in the home now as-is, then the repairs can be done as the money becomes available, and doesn't have to be borrowed
Right, that's the thought. Still hav ...
  Topic: Loan for a fix-it-up home
DavidV

Replies: 18
Views: 52660

Post image iconForum: Credit & Loans   Posted: Fri Oct 18, 2013 3:14 pm   Subject: Loan for a fix-it-up home
Thank you for the advice, but it's the math that makes it potentially appealing. I agree, I'd probably be looking at a $70 203k if I went that route. Let's assume I get a 30 year loan and pay it off c ...
  Topic: Loan for a fix-it-up home
DavidV

Replies: 18
Views: 52660

Post image iconForum: Credit & Loans   Posted: Thu Oct 17, 2013 12:25 pm   Subject: Loan for a fix-it-up home
I'm not really looking at it as an investment per se. It's more just a place to live that I can afford. (I'm a just-married teacher and poor as dirt.) The home is going for $35 thousand and comps sugg ...
  Topic: Loan for a fix-it-up home
DavidV

Replies: 18
Views: 52660

Post image iconForum: Credit & Loans   Posted: Thu Oct 17, 2013 2:49 am   Subject: Loan for a fix-it-up home
Thank you for the quick response. I agree that it would usually be very good advice, but I should have added this information: I actually nearly bought this house using a 203k loan, so I have all the ...
  Topic: Loan for a fix-it-up home
DavidV

Replies: 18
Views: 52660

Post image iconForum: Credit & Loans   Posted: Thu Oct 17, 2013 12:15 am   Subject: Loan for a fix-it-up home
Hello,

I'm trying to figure out if I can get a loan that would make the following plan work. I'm looking to buy my first home and came across a home which is in decent (livable) condition but needs ...
 
Page 1 of 1
All times are GMT
Jump to:  




Money Talk © 2003-2016