All Forum Posts by: Cenddie Alaban

@Debra Grumbach Thank you for your advice but I think she would be reluctant to do that. 

@Cody L. I'll tell her that. I think she has too much on her plate. She runs her parent's cleaners, has internet business, AMWAY, and AMTC. I don't know if she can take one more business.

@Pablo Mendez Another great idea! I'll definitely talk to her about your case. I have heard about this mortgage company through Dave Ramsey too. So, she will just call Churchill Mortgage and ask about manual underwriting?

@Todd Dexheimer That's her plan. But do you really want your friend (with a family) to stay on the second floor and you (also with a family) on the first floor?

@Andrew Postell She's buying it for her primary home. She want to stay on the 3 bed second floor of that Duplex at Tinley Park. Of course, I'm buying the duplex with a plan to stay on the first floor and rent the second floor. She's going to rent her 1 bed condo which she bought with cash long ago.

@Austin Hendrickson Great idea! This would be one suggestion I would take since I know somebody who's an elderly and alone in her house. Thank you.

@Christopher Phillips I don't think she would go that route but I will suggest that to her. It seems to be a good route though since I went this route. With only one credit card, I was able to pass 800 mark. However, I was lucky because my credit card went back to 2007. It was in a limbo for years because I did not use it nor any credit cards. I started just last year building my credit using this specific card.

What I'm saying is it would take her years to reach a credit score of 700. She can't wait that long. 

@John Anderson they need to be near downtown Chicago where her businesses are located. Houses in these areas cost 200K upwards.

@Kevin Colwick I like Dave Ramsey too and I will certainly look into manual underwriting, especially from my lenders. Thank you for the information.

I was stunned when our family friend told me that she would contribute $100 K in cash towards my purchase of a $250,000 Duplex at Tinley Park, Il. I already made an offer on this Duplex and waiting for the Seller's bank to make their decision on this short sale. How can I insert her money into this transaction? Besides, I'm a newbie and many investors disapproved of this deal the last time I posted it at BP.

A few days later, to save my friend from an unprofitable deal, I ask her to buy a house for herself since she's not into it for profit but to seek a bigger shelter than her condo. Her answer again stunned me, she cannot buy a house she wants because she has no credit, she never owed any one any money her whole life. She has no credit cards nor credit scores.  

My question is; is there a bank or any institution that can lend her money to buy a 200K- 300K house with a  $150K down?