I am a 24yo med student in Chicago looking to buy a condominium. As a student, I have no steady income but do have around $ 30,000 available for a 10% downpayment. My credit score is 760. Can I get a mortgage with a reasonable interest rate given my credit score and lack of steady income and what would that rate be? I plan on purchasing a condo and renting it out for 2-3 years and using the rent to supplement monthly mortgage until I have a consistent income high enough for me to move-in myself. What steps must I take to fulfill my plan of first time home ownership?
Nov 302011
So I have to move out of the state and I still have a mortgage on my house. Can I sell my place even though i haven’t payed off all of the mortgage? Or is my only option to rent the place out?
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