Real Estate Bargains

4 Responses to “What’s The Best Way To Save Up Money To Buy A Condo?”

1. Scarface on September 10th, 2009 at 5:22 pm

   Use your parents to co-sign, b/c unless you have excellent credit (plus it raises your chances of getting approved for one), good luck finding a bank that’ll grant you a mortgage loan.
   This is just my opinion, but i’d continue to wait another year to see what happens.
   Chances are, you buy that property, and it’ll depreciate on you for a year or two.
   Also, stay away from an ARM Mortgage unless you know what it is (that’s what bankrupted the country and started this whole mess).
   For starters, ARM mortgages have a fluctuating rate, so your monthly payments are always subject to change (could be really low a few months, then all of the sudden swing high).
   With a Fixed mortgage, you pay a little more monthly, but then you’re safe knowing that your monthly payments will be the same- every month; like rent is.

2. lolly on September 10th, 2009 at 6:44 pm

   I saved up $50 per week. I had it taken out of my check. Most places that offer direct deposit will defer a specified amount into a savings account, at no cost or requirements.

3. junkfood on September 11th, 2009 at 12:19 am

   you should buy one if you dont know the first think ask some one to go with you to look at one

4. jlf on September 11th, 2009 at 1:18 am

   Same way you save money for anything: spend less, save more.