Comments on: Real Estate: It’s Not Just for Your Parents Anymore http://www.youngmoney.com/investing/investing_basics/060230/ Money: Earn it, Invest it, Spend it Sun, 05 Feb 2012 17:05:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: busmajor! http://www.youngmoney.com/investing/investing_basics/060230/comment-page-1/#comment-955 busmajor! Tue, 31 Mar 2009 14:27:31 +0000 http://75.145.89.9/?page_id=688#comment-955 i really enjoyed this article! :) i really enjoyed this article! :)

]]> By: Mortgage123 http://www.youngmoney.com/investing/investing_basics/060230/comment-page-1/#comment-636 Mortgage123 Mon, 08 Dec 2008 10:40:51 +0000 http://75.145.89.9/?page_id=688#comment-636 This article needs an immediate revision. No doc loans are, for the most part, no longer available. You do need income to qualify. You may use your parents as a co-borrower if your income is insufficient but you will still need to verify that you can handle about 3/4 of the payment on your own. Due to the difficulties of qualifying, if you CAN get a mortgage, there is no time like right now to purchase real estate. Properties values have been devalued, interest rates are near all-time lows and there are millions of desperate sellers out there. If you do have income, speak with a good mortgage broker or lender to see what you qualify for. Then go out and buy something... in 5 - 10 years you will be thanking your lucky stars that you did. This article needs an immediate revision. No doc loans are, for the most part, no longer available.
You do need income to qualify. You may use your parents as a co-borrower if your income is insufficient but you will still need to verify that you can handle about 3/4 of the payment on your own.

Due to the difficulties of qualifying, if you CAN get a mortgage, there is no time like right now to purchase real estate. Properties values have been devalued, interest rates are near all-time lows and there are millions of desperate sellers out there.

If you do have income, speak with a good mortgage broker or lender to see what you qualify for. Then go out and buy something… in 5 – 10 years you will be thanking your lucky stars that you did.

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