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Updated about 2 years ago on . Most recent reply

User Stats

16
Posts
9
Votes
Theo Seng
  • New to Real Estate
  • Troy, AL
9
Votes |
16
Posts

Buying my first home

Theo Seng
  • New to Real Estate
  • Troy, AL
Posted

I'm currently heavily considering two properties. The only hurdle I am still trying to overcome is qualifying for a fair loan. I have a complicated situation in showing proof of income, however, I have a great credit score. One of the properties I'm considering is a 2bed 2bath duplex while the other is a 4bed 2bath single family home. Last time I approached lenders I was approved for a loan with an interest rate of 9.5%, but that was when I was trying to purchase through an LLC so it was a commercial loan. If anyone has any advice on how I should try to get a solid mortgage or how to leverage my first time home buyer benefits, please reach out.

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