tonip1963 question : money, credit cards and real estate funds …..?
Now is the question. I expect to receive about $ 16,000 in the near future. Coincidentally, I also have about 15,000 in credit card debt. I want to invest in real estate. Would it be better for me (A) take the money and pay my cards or (B) take only one party and a part of my debt to pay, and the rest of the money for the down payment / repair a property investment? My credit scores are 607, 671, and 649, I have good credit. However, I do not think an income, well documented, so I will probably have a loan with no-doc, and therefore probably need money for a down payment and / or repair. Please give your opinion Best Answer.
Response William V
all depends on where you stand. I live in Ca and I am pleased with a house I am buying for the first time buyer. I have a friend who is a loan officer and helps me. I asked if I put down 40K on the house, he says, he helps, but here’s the catch, if you finance a home of 100%, you will get what is called a loan 80/20 and it costs much pay if you do not save your money, how to increase your credit score a bit, which helps put need. I want to pay some credit cards and the rest I will take your payment hypothécaire.Bonne luck
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