I'm really thinking of buying a small home or a condo, for no more than $75000. I know it doesn't sound like a lot, but I have found some decent condos, furnished for lower than this amount. The only reason why I am thinking of taking out a mortgage, is because I would rather put my money into something that I own, then give it to someone to put towards something THEY own.
I'm 19, already have decent credit, and am thinking of buying a place of my own close to my parents.
Currently, I only make about 16000 a year, about 1,400 a month.
I figure a 30 year mortgage will be about $300 to $450.
Any advice? Suggestions? Anything?
Read more: Can I get a $75,000 home loan at 20?
