Stanford Law School Hopeful
Hello,
It has been some years for me on this road of "happy destiny". I'm posting this message because I am interested in buying property in Oakland. I'm a student with not a whole lot of resources and would like to begin with one piece of property. My goal is home ownership not, investing. Where should I start?
Any replies or responses would be appreciated.
Thanks,
TNT
Work to establish credit. Borrow as much as you can and pay it off. Repeat this process as many times as you can.
Work to get provable income. Your debt to income ratio shouldn't exceed 30%. You can calculate this based on the housing cost divided by the total amount you make.
If you give 10% as a down payment you can get a loan much easier.
GOOD LUCK