yage v asked:


I’m 26 and I have no credit history at all. I’m always needing to make a purchase online like air tickets or internet courses. Right now I am not able to get a loan for school, a home, finance a car, or even get a cell phone. Should I really get a protected card and work from there? If not, what can I do to establish even a wee bit of credit??!!!! I don’t want to go into debt! THANKS

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Meghan T asked:


My husband and I are looking to buy our first home. We looked at a foreclosure that is $50,000 (we live in central wisconsin). It has a nice 2 car garage, new roof, new siding, new windows, and is structurally good. It needs a lot of work on the inside though as far as updating. It needs new carpet and flooring, the hardwood floors need to be refinished and EVERYTHING needs to be repainted. And extra here and there kind of stuff as well needs to be done. My question is about your first home and your experiences with finances and updating…thanks so much!

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whosajiggawhat? asked:


if i was only going to be living in it for a couple of years, why would a condo be that much better? will it really appreciate that much faster? I live in the bay area and am considering buying in the Rohnert Park area

The way i figure it, I will end up having to pay more in interest over the two or three years, more so than any appreciation that would accumulate. The mobile home wont grow in value at all but you can afford much more square footage and you dont have any neighbors who share walls. you can usually get a brand new one for about half the price of the cheapest condo on the market. Mobile home parks have leasing dues that you have to pay but condos have HOA’s you have to pay as well and in that area, they seem to be about the same.

I will be financing 100%

where am i going wrong here?

thanks!

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Boat Junkie asked:


I have been reading lots about the housing crisis and have learned that the loans for new mortgage loans for people with low scores it getting harder to aquire. What constitutes a low score? 600? 590? 650? 625? I am now ready to buy my first house and am finding out that my scores may prevent me from getting a loan.

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tdfisher asked:


specifically, i am looking for information about bank of america’s community commitment program, and how reliable it is.

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