i would love to own my own home but i have little or no income?
540241
where do u live? in the uk there are joint ownership scheames. a housing agency pays half your mortgage, you pay the other. if you ever sell they get half, but so do you. and you buy the home yourself.
233045
If you don't have a house then you should buy one. If you already have a house but you don't have a business you should open a busines and finally if you already have a business you should invest in the stock market.
323082
u can have mine.\nim a very rich habbo i own lots of rooms.\nim in hc.\nsearch abc543 and check out soem of my cribs on www.habbohotel.co.uk
1076130
I would say live in a low cost area if it's accessible to your job, is safe for your family, etc. The less you pay for rent/mortgage, the more you can pay on your other bills... just my opinion. :)
243896
why depent on the rents. why not be independent and buy it yourself. Even if you're not old enough to work, you could still find chores around the house or neighborhood to do. I'm sure you can find someone who needs help. i'm not saying this to be mean, but you'll feel proud of yourself like you've accomplished something you really wanted. Start taking the money you earn, and save it. In no time i'm sure you'll have the phone you want. And you'll feel much better about it, because you know that you worked for it, and payed for it yourself.
875032
It's not entirely impossible. How's your credit? Have you or your spouse been working at a job for 2 years or more? With paying rent, can you provide rental verification? Have you ever claimed bankruptcy, if so how long ago? There are a lot of houses for sale with the owner offering to pay towards closing costs. And if you have good enough credit, you may be able to come into the loan without a down payment and also have the luxury of the seller contributions. Depending on the house you're interested in. There are a lot of questions behind that question, you just have to get started on the pre-qual process and then find out from there.
1058619
You first have to clear your bad credit. If you are low income, you don't live above your means. If you want a house, you must tighten your belt and save money, not spoil your credit. After your credit is fixed, call a broker...mortgage broker and they will give you more details after studying your situation. Also there are some grants to help in certain areas.But without a good credit, you won't be able to buy now. Call the credit burea and find out exactly what you problems are. Deal with them one at a time until you are finished. Good Luck. I know you can do it!
1050633
You can *not* do anything you want, but you are free to *aim* for it!\n\nSet yourself three or four goals, things to achieve in five, ten, twenty years. Reasonable goals. Not easy ones, but one that you might be able to achieve, give or take a little luck. \n\nWrite them up and regularly take stock how far you have come, what needs improved.\n\nOne of my goals was to own my own house.   Paid off and all.\nDone!
958572
With that income you could certainly afford that house.  Do you mean what income would you need to afford that house?   Usually, if you earn a middle income sort of salary, a bank prefers if your mortgage payment is no more than 25% of your monthly income.\n\nThese links will help you figure out the mortgage you could afford with different incomes.
170727
You are allowed to buy property.  There is no requirement to show your status for any purchase.  Financing the purchase would be more challenging since you would not be able to prove your income.
431724
just go get a realtor, I had no credit and now I have a brand new house, with no money down none the less. I make good money which helps out alot.
271497
Start by checking out the Realtor.com website for info. It is costly to get started and the pay is a lot less then you might think.
904192
You need to ask for a 100% mortgage.. to get that you need to be earning loads of money.. I did hear that some banks are offering 5x your salery.. in that case if you are on £30,000 a year you would be able to get a £150,000 house
1139982
What the heck...you again?\n\nI bought my first house at 25. It was 80k...I had no down payment and at the time I think I was making around 28k. The first year was a struggle. But 2 years later...I am making 37k and it is much easier. I don't have to worry about if I can eat well this week. If you have the 50-100k saved for down payment, I would think you are safe as long as you are making 50k+. It all depends on what you are making at the time of purchase and if you are comfortable with it. Don't buy an extravagant house (even with down payment) if you think you will struggle. It's not worth it. Life is too short to be stressed over a high mortgage and bills. When you have a steady and decent income, buy a smaller, cheaper house to start. You can always sell it. Most houses go up in value (unless it's a real dump in the ghetto) and you will likely make money. I thought about selling mine and going bigger, but I'm not ready for the struggle and I really don't need it. I just want it. But that's just more to clean and a bigger lawn to mow. I would start small. If you can afford it now...buy a small house. At least you will be investing your payments toward something that is yours and that you can always sell for profit. Rent is investing your money for someone elses benefit. I'm glad I bought mine. I was scared at first, but it was well worth the investment. the house across from me (same size and design) just sold for 11k more than I paid for mine. And mine was brand new when I bought it. So it's nice to know I can always sell for more than I paid for.\n\nEDIT: Sorry! Just another thought. If you are married or have kids at that time your income will obviously need to be much more. Probably in the 80k range for that kind of house. I also don't spend money on worthless things and I have no kids or husband, so most of my money goes into savings and towards the mortgage. I see my friends who are married and have kids struggle because they tried to buy too big. And another friend who bought kinda small, but still struggling. Her husband owns his own business...so their income is not always the same or steady. They make good money, but they got themselves into something they can't really afford. Just keep in mind that if you are married (and especially with kids) that they will have needs and wants that cost money. Your priority will not be a monsterous house. Dang...was my friggin' answer long enough? I'm gonna quit typing now. I ramble too much sometimes. Sorry!
511547
You could of course not have a bank account or cash a check.\n\nYou could not work legally, so you would have to do day labor or work for lower wages for some busniess who pays you in cash, or will cash your check for you.\n\nFor rent, most likely you won't earn enough to afford to rent, but if you did, normally the run down type of houses you could rent would be the ones where you pay cash adn they don't care about ID.
973812
Have your Real Estate Agent put you in touch with the right state and/or fed agency. This is income dependant.
1024625
You may, but you will have to rent the house back to live in it.\n\nWhat you essentially need is to remorgage your house. Perhaps to free up your cash.