Q: I Have a Good Job and Excellent Fico Credit Score of 745, but Not Much Savings or Other Assets. In Other Words, I Live Paycheck to Paycheck. I See Ads for Homes and Condos for Sale with Little or Nothing Down. But I Need to Buy a Place with Space for M

Press Telegram › August 13, 2005

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Summary

A: Start looking in the areas that interest you. Of course, study the newspaper classified ads. When you find a real estate agent in the vicinity where you want to buy, ask about homes for sale with seller financing.

Many elderly sellers would be thrilled to sell to a responsible buyer like you and carry back the mortgage for retirement income. Personally, I've bought many houses from senior citizens who needed retirement income secured by a mortgage on the residence they sold to me. Many begged me later not to refinance.

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Q: I Have a Good Job and Excellent Fico Credit Score of 745, but Not Much Savings or Other Assets. In Other Words, I Live Paycheck to Paycheck. I See Ads for Homes and Condos for Sale with Little or Nothing Down. But I Need to Buy a Place with Space for M

But your big difficulty is finding a home with enough space for those four dogs. That's as big a problem as locati...

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