All Forum Posts by: Vernalene Perez

I'm a freelance writer who'll be moving to San Francisco in 3 months time. I'm a single mom with 2 kids and we'll be renting a small place to stay in for the first couple of months but I have plans of getting our own home; however, I've been self employed for 2 years now and an online contractor. I'm not sure if there are banks that would grant mortgage loans to someone with the same career as me since most banks I've spoken to would only deal with company employees and not freelancers. 

I'm trying to see if there are reputable credit unions you can recommend? I've heard they are more flexible and lenient when it comes to mortgage loans or any type of loan for that matter. 

I have a good credit score without existing debts and I also have funds saved up for emergencies and money left to spend as part of the home equity but banks have an issue with my employment status. 

Originally posted by @Steve Vaughan:

@ Wendy If you pay off the debt in two years time, would that also be enough time to get your credit score up? You may not need to pay off the entire debt but getting a portion of it paid is a great start! I hope you figure things out and achieve abundance in time.

Real estate investment can possibly help my family. For me, I'll rather spend my money on it than any other investments that's too risky. It is a great idea because it generates cash reserve for us. It could also be rewarding in the long run because it don't actually depreciate.

I agree with most member here that it will depend on your budget and the type of  property you would like to choose.  I encourage you to research about the place first before finally considering a house in LA. Online is one of your best options to get familiarized.