Time to buy a house!
January 13, 2014 6:57 PM Subscribe
I have a newly good income, a very tiny (yes, I mean very tiny) beginning of a savings account, shitty credit, a little (in the hundreds) debt and I want to buy a house. What should I do?
posted by latkes to Home & Garden (10 answers total) 11 users marked this as a favorite
I also have a partner who is in a similar place of an OK but growing income, some but not a ton of debt, and poor credit.
We haven't gone into the specifics of how we'd do this together yet. This is really the very beginning of starting to think and plan about this.
I know we need to "save money" and "rebuild our credit". But what does that mean? Should I work with a nonprofit like NACA? How much money do I need to save? How good does my credit need to be? When should I start talking to banks or realtors?
I know zero, so tell me anything, including what questions to ask and who to ask them of.
Also, unfortunately, I live in and think I want to stay in the SF Bay Area (East Bay side).