More on The House Hunt
Either one of three things will happen after the lender reviews our documents this week:
1) We will be pre-qualified to buy a home in a certain price range-FHA or conventional mortgage
2) We will not qualify for a mortgage at this time but we will find out what the lender (and Dave Ramsey) would like to see in a year from now. Then we'll do it again.
Or
3) We'll qualify for a mortgage for a house that Steve and I have looked into. The viewing is set for next Saturday. The price is under $120k at the moment. We'll look at the house, decide the repairs cost too much and come to the conclusion that we'll wait a year to finance a home. By that time, I will have dug myself out of ALL credit card debit and hopefully a nice piece of my student loans.
We'll see. Maybe we'll just be pleasantly surprised with the outcome. I think no matter how you slice it, we'll come away with something of value.
1) We will be pre-qualified to buy a home in a certain price range-FHA or conventional mortgage
2) We will not qualify for a mortgage at this time but we will find out what the lender (and Dave Ramsey) would like to see in a year from now. Then we'll do it again.
Or
3) We'll qualify for a mortgage for a house that Steve and I have looked into. The viewing is set for next Saturday. The price is under $120k at the moment. We'll look at the house, decide the repairs cost too much and come to the conclusion that we'll wait a year to finance a home. By that time, I will have dug myself out of ALL credit card debit and hopefully a nice piece of my student loans.
We'll see. Maybe we'll just be pleasantly surprised with the outcome. I think no matter how you slice it, we'll come away with something of value.