FIRST TIME MORTGAGE

1 Reply

Hello all, 

I had a general question for all of those smart investors out there on bigger pockets! I am fresh out of school and I am trying to find a quad-plex to invest in in the Chicago-land area. This will be my first property and for the last few months I have been researching/ educating myself to make a move but have not done so yet. I do not have a ton of money saved up to purchase a place in cash so I am looking to apply for a mortgage. I make decent money and I have good credit that has been established for a good amount of time, but will need a cosigner. I was wondering if anyone has ever been in a similar situation/ has any tips?

Some of the questions that I have are:

1. What type of mortgage should I look into/ compare if looking to house hack?

2. How early should I apply for the mortgage?

3. Does anyone have any good recommendations for agents in the Chicago area?

I would really appreciate the guidance from anyone that knows/ has been in this situation before. Thanks a lot!

Hi @BillLuzzo you should first go to a mortgage broker and see what you qualify for. You should also see were your credit is at. Getting pre qualified is everything

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here