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re: Need advice on Tigerland apartment "Latitude 30* "
Posted on 5/17/21 at 1:21 pm to Mingo Was His NameO
Posted on 5/17/21 at 1:21 pm to Mingo Was His NameO
quote:
He can only afford $750/month rent and you are recommending he come up with several thousand dollars for a down payment in an inflated market and hope he gets lucky and runs into no repairs for at least the first year? What about insurance costs?
He shouldn't buy something with a $750 monthly payment on the loan. But something for $500/month is doable. Chances are the monthly payment after PMI and insurance will be less than $750. Plus, he can rent out his spare bedroom if he decides to get a roommate.
1
Posted on 5/17/21 at 1:26 pm to KamaCausey_LSU
quote:
He shouldn't buy something with a $750 monthly payment on the loan. But something for $500/month is doable. Chances are the monthly payment after PMI and insurance will be less than $750. Plus, he can rent out his spare bedroom if he decides to get a roommate.
That'll be a nice shack
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