Thanks for the advice everyone. Yes, I have a significant amount of CC
debt that is mostly on a low-ish interest rate on my Patelco CU Visa card. I know it would be best to wait two more years, but I am just throwing away money by paying rent. With my Apt. Lease renewal coming up in a few months, I'm guessing they will be increasing my rent at least $30-$50/mo. due to the foreclosure situation and all of those folks now renting and unit availability is low.
Brian B... $140-$150 k a month? Or did you mean a $140-150k mortgage? Also, I made a mistake on my FICO score date, I pulled my scores today, not in 2011. Ooops! So if my middle score is 659, would I possibly qualify? EX
is always my lowest. Big jerks they are
I'm between Charlotte and Asheville in ZIP 28602 (Hickory, NC - Catawba County) and homes are pretty affordable around here. I'm finding some nice homes within a 10 mi. radius that fit my needs in the $110-130k range. Insurance runs my co-workers anywhere between $600 and $750/year and hurricane risk is very minimal here. The tax rate is right around 1% depending on the area. I'd really love to find a foreclosure for 95k or less, but I don't know the best way to go about that. I would guess that contacting Wells Fargo or some other bank for Pre-approval is my first step to see where I truly stand. Agree/disagree?
Thanks again for your assistance
Edited by bill875, 21 February 2012 - 09:02 PM.