Can a 29-Year Old Single Male Get a Mortgage in Philadelphia Right Now?

Oct 27
08:41

2009

Krista Scruggs

Krista Scruggs

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Today I am off to begin an exciting new part of my life. No more roommates, no more parents, no more shared rooms, that is right… it’s finally time to get my own new place. I just completed my master’s degree and I have a pretty good job now and finally have the type of job security that will allow me to live comfortably in my very own place. Luckily for me, I have developed good spending habits with my money and I have put a small amount of money aside specifically for this occasion. I think the time is right for me to get a great town home, in a nice community that is close to work.

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Can a 29-Year Old Single Male Get a Mortgage in Philadelphia Right Now?

Today I am off to begin an exciting new part of my life. No more roommates,Can a 29-Year Old Single Male Get a Mortgage in Philadelphia Right Now? Articles no more parents, no more shared rooms, that is right… it’s finally time to get my own new place. I just completed my master’s degree and I have a pretty good job now and finally have the type of job security that will allow me to live comfortably in my very own place.  Luckily for me, I have developed good spending habits with my money and I have put a small amount of money aside specifically for this occasion.  I think the time is right for me to get a great town home, in a nice community that is close to work. The sky is the limit at this point, right?


With the way that the loan market has been, I often wonder if I will be able to finally get approved?  All I need to make this happen is the right, loan and the right lender and the rest is just details. I know if things go my way, I will land myself one killer pad and life can only get more incredible for me. My only concern is the funding. With the way the economy is going lately it really is a toss up if I will be approved for my loan sooner or later.


The big question of the day is: “Will any lender approve me for a first-time home buyer loan without a considerable down payment?” I really don’t have thirty or forty thousand dollars to put down on the house and it is my hope that my excellent credit score, job, and current savings of twenty thousand dollars will be enough.


After talking to many different friends of mine, it is a fact that I can either choose an adjustable or a fixed loan. Both options have ups and downs in them but my friends are tending to lead in me the direction of the adjustable loan. I mean I am only 29-years old and who knows if I will live in this town house forever? This very well may be the best decision for me at this time.


After much deliberation, I have concluded that the adjustable loan is by far the best option for me. It can give me great flexibility for the next 5 years while I move up the career ladder and find the right women to have a family with. After the 5 years are up, I can upgrade from bachelor pad to family man, and profit with enough money to put a considerable down payment on an even better home in a new community. This adjustable loan sure is going to work out really great!


I am so glad I decided to talk to my friends about the whole mortgage process. Before I spoke with them, it seemed like things were hopeless and their really were no answers that I could trust. After much urging from my friend Vinny, I decided to take my mortgage search to the next level and utilize the Internet to find more information from leading mortgage websites. After hours of searching my two favorite sites were mortgageloan.com and Lender411.com. I mention these two sites only because they were so informative and easy to use. If you were in my shoes I suggest you take a look for yourself. You will be glad you did.


Right now I am going to continue to explorer my options with mortgageloan.com as well as lender411.com and see what ends up giving me the best opportunity to own a home. I know that in time, all this mortgage mania will steer me down the right path. I look forward to leap frogging over any pre-approval offers that are not right for me and simply signing the line on the loan documents so I can become a homeowner.


I’m finally able to buy my first home! When I move in cheese steaks are on me…