Author Topic: Where the market is - Buyer Offers  (Read 86748 times)

Offline Cornflakes

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Re: Where the market is - Buyer Offers
« on: March 26, 2021, 12:02:38 PM »
If I am a 25 yr old, making decent $, and facing financing hurdles with lenders because of a single income, this is what I'd do:

Have my parents help me with a down payment large enough that brings my DTIs to a desirable level. Give the parents their money back eventually or have their name as % owner on the title of the home.

Alternatively, get an FHA loan with lower down payment. When numbers improve in 2-3-5 years, refi out of it. Small price to pay but who know you get much more value out of owning and living in your own place than paying few more $ for an expensive loan.

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