Zillow Advice RSS: Question-Discussion-Guide,Rent vs Buy, http://www.zillow.com/advice/United-States%253B%253B%253B%253B%253B%253B%253B%253B/home-buying-rent-vs-buy/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate What should I be looking at???? http://www.zillow.com/advice-thread/What-should-I-be-looking-at/577400/ My 2 friends and I are all going to either rent or buy together. The problem is that we are all in our very early twenties and have no credit history at all. Is it possible to buy or should we just rent? We are having trouble finding houses we can live in, since 2 of us have asthma and most rental homes don't allow you to change anything, not even paint if you promise to paint it back to the original color before leaving.<br \><br \>6 replies Sun, 01 Mar 2015 23:12:00 GMT http://www.zillow.com/advice-thread/What-should-I-be-looking-at/577400/ 2015-03-01T23:12:00Z what do I need to know about rent to own options http://www.zillow.com/advice-thread/what-do-I-need-to-know-about-rent-to-own-options/577288/ 5 replies Sat, 28 Feb 2015 15:35:00 GMT http://www.zillow.com/advice-thread/what-do-I-need-to-know-about-rent-to-own-options/577288/ 2015-02-28T15:35:00Z I am wanting to know if I can afford a house http://www.zillow.com/advice-thread/I-am-wanting-to-know-if-I-can-afford-a-house/539592/ I am wanting a house listed at $149,900<br/>My annual income is $48000<br/>I also have 2 car payments, loan, and two credit cards respectfully with low balances<br/>I want to know if I can afford the house I am considering applying for and is it reasonable to look at houses in that price range?<br \><br \>6 replies Tue, 06 May 2014 23:25:00 GMT http://www.zillow.com/advice-thread/I-am-wanting-to-know-if-I-can-afford-a-house/539592/ 2014-05-06T23:25:00Z I realy dont have bad creidt. i dont have any at all What steps should i take before buying a home http://www.zillow.com/advice-thread/I-realy-dont-have-bad-creidt-i-dont-have-any-at-all-What-steps-should-i-take-before-buying-a-home/576181/ 3 replies Wed, 18 Feb 2015 19:23:00 GMT http://www.zillow.com/advice-thread/I-realy-dont-have-bad-creidt-i-dont-have-any-at-all-What-steps-should-i-take-before-buying-a-home/576181/ 2015-02-18T19:23:00Z I realy dont have bad creidt. i dont have any at all What steps should i take before buying a home http://www.zillow.com/advice-thread/I-realy-dont-have-bad-creidt-i-dont-have-any-at-all-What-steps-should-i-take-before-buying-a-home/576181/ 3 replies Wed, 18 Feb 2015 19:23:00 GMT http://www.zillow.com/advice-thread/I-realy-dont-have-bad-creidt-i-dont-have-any-at-all-What-steps-should-i-take-before-buying-a-home/576181/ 2015-02-18T19:23:00Z would like to find a house with 0 to little down payment http://www.zillow.com/advice-thread/would-like-to-find-a-house-with-0-to-little-down-payment/574267/ Am from queens ny am paying 1500 in rent need a house asap ps need help with my credit too<br \><br \>8 replies Mon, 02 Feb 2015 13:25:00 GMT http://www.zillow.com/advice-thread/would-like-to-find-a-house-with-0-to-little-down-payment/574267/ 2015-02-02T13:25:00Z would like to find a house with 0 to little down payment http://www.zillow.com/advice-thread/would-like-to-find-a-house-with-0-to-little-down-payment/574267/ Am from queens ny am paying 1500 in rent need a house asap ps need help with my credit too<br \><br \>8 replies Mon, 02 Feb 2015 13:25:00 GMT http://www.zillow.com/advice-thread/would-like-to-find-a-house-with-0-to-little-down-payment/574267/ 2015-02-02T13:25:00Z Buy Vs Rent http://www.zillow.com/advice-thread/Buy-Vs-Rent/575542/ Desired place: North Libert IA Listed price: 195,000$ for a new construction zero lot. Curently paying 1200$/month on renting similiar property Down payment:100%. No loans needed Maximum number of years planning to stay in the new house: 4 years. Should I buy or rent??<br/><br/><br/>&nbsp;<br/><div style="text-align: left;"><br/></div><br \><br \>8 replies Fri, 13 Feb 2015 03:57:00 GMT http://www.zillow.com/advice-thread/Buy-Vs-Rent/575542/ 2015-02-13T03:57:00Z Buy Vs Rent http://www.zillow.com/advice-thread/Buy-Vs-Rent/575542/ Desired place: North Libert IA Listed price: 195,000$ for a new construction zero lot. Curently paying 1200$/month on renting similiar property Down payment:100%. No loans needed Maximum number of years planning to stay in the new house: 4 years. Should I buy or rent??<br/><br/><br/>&nbsp;<br/><div style="text-align: left;"><br/></div><br \><br \>8 replies Fri, 13 Feb 2015 03:57:00 GMT http://www.zillow.com/advice-thread/Buy-Vs-Rent/575542/ 2015-02-13T03:57:00Z Buying a house 630 FICO score but spouse who lacks credit, low DTI and decent combined income http://www.zillow.com/advice-thread/Buying-a-house-630-FICO-score-but-spouse-who-lacks-credit-low-DTI-and-decent-combined-income/575625/ <div>My husband and I are debating either getting a larger rental or seeing if there is anyway we can buy. &nbsp;We submitted an application and spoke to a mortgage lender who said that it's possible that there may be programs we would qualify for as we have a combined income of 72,000 a year, about 5000 we could put down and can afford around 1200 a month in payments but I am skeptical and don't think our application will be approved.<br/><div>I've gotten my credit score up from about 580 to 630 in the last 18 months. Not as fast as I would to like to pay down my credit card due to having a special needs child and constant therapy bills for him due to our high insurance deductible but I have been focusing on paying things on time and not incurring any more debt.<br/><div>While I do owe 6800 on my only credit card, 14000 still on our car loan and 21000 in student loans, based on the minimum monthly payments for those our debt to income ratio is 10%. This was on the zillow calculator which said not to add in my current rent. If my rent was put in the calculator the DTI would be 23%.<br/><div>I guess we will have to just wait and see but I see so many people saying you don't get approved unless you have 20% down and much higher credit or that my total debt will prevent it as lenders will look at only what we owe and not what we pay. &nbsp;<br/><div>We would be first time buyers. Part of why we are looking is the tight rental market in our son's school district where we need to stay due to daycare</div></div></div></div></div><br \><br \>3 replies Fri, 13 Feb 2015 20:29:00 GMT http://www.zillow.com/advice-thread/Buying-a-house-630-FICO-score-but-spouse-who-lacks-credit-low-DTI-and-decent-combined-income/575625/ 2015-02-13T20:29:00Z Buying a house 630 FICO score but spouse who lacks credit, low DTI and decent combined income http://www.zillow.com/advice-thread/Buying-a-house-630-FICO-score-but-spouse-who-lacks-credit-low-DTI-and-decent-combined-income/575625/ <div>My husband and I are debating either getting a larger rental or seeing if there is anyway we can buy. &nbsp;We submitted an application and spoke to a mortgage lender who said that it's possible that there may be programs we would qualify for as we have a combined income of 72,000 a year, about 5000 we could put down and can afford around 1200 a month in payments but I am skeptical and don't think our application will be approved.<br/><div>I've gotten my credit score up from about 580 to 630 in the last 18 months. Not as fast as I would to like to pay down my credit card due to having a special needs child and constant therapy bills for him due to our high insurance deductible but I have been focusing on paying things on time and not incurring any more debt.<br/><div>While I do owe 6800 on my only credit card, 14000 still on our car loan and 21000 in student loans, based on the minimum monthly payments for those our debt to income ratio is 10%. This was on the zillow calculator which said not to add in my current rent. If my rent was put in the calculator the DTI would be 23%.<br/><div>I guess we will have to just wait and see but I see so many people saying you don't get approved unless you have 20% down and much higher credit or that my total debt will prevent it as lenders will look at only what we owe and not what we pay. &nbsp;<br/><div>We would be first time buyers. Part of why we are looking is the tight rental market in our son's school district where we need to stay due to daycare</div></div></div></div></div><br \><br \>3 replies Fri, 13 Feb 2015 20:29:00 GMT http://www.zillow.com/advice-thread/Buying-a-house-630-FICO-score-but-spouse-who-lacks-credit-low-DTI-and-decent-combined-income/575625/ 2015-02-13T20:29:00Z Rent or Buy in NYC http://www.zillow.com/advice-thread/Rent-or-Buy-in-NYC/518326/ Hi, I'm curious whether I should continue renting, or whether now's a good time to buy a property in NYC. &nbsp;I'm concerned that the market has been strong and that there may be a correction. &nbsp;Views on short to medium term strength of NYC residential market would be very helpful. &nbsp;Thank you.<br \><br \>8 replies Fri, 08 Nov 2013 02:40:00 GMT http://www.zillow.com/advice-thread/Rent-or-Buy-in-NYC/518326/ 2013-11-08T02:40:00Z Rent or Buy in NYC http://www.zillow.com/advice-thread/Rent-or-Buy-in-NYC/518326/ Hi, I'm curious whether I should continue renting, or whether now's a good time to buy a property in NYC. &nbsp;I'm concerned that the market has been strong and that there may be a correction. &nbsp;Views on short to medium term strength of NYC residential market would be very helpful. &nbsp;Thank you.<br \><br \>8 replies Fri, 08 Nov 2013 02:40:00 GMT http://www.zillow.com/advice-thread/Rent-or-Buy-in-NYC/518326/ 2013-11-08T02:40:00Z What is the shape of the condo market in Greensboro, NC? http://www.zillow.com/advice-thread/What-is-the-shape-of-the-condo-market-in-Greensboro-NC/574793/ 0 replies Fri, 06 Feb 2015 19:18:00 GMT http://www.zillow.com/advice-thread/What-is-the-shape-of-the-condo-market-in-Greensboro-NC/574793/ 2015-02-06T19:18:00Z What is the shape of the condo market in Greensboro, NC? http://www.zillow.com/advice-thread/What-is-the-shape-of-the-condo-market-in-Greensboro-NC/574793/ 0 replies Fri, 06 Feb 2015 19:18:00 GMT http://www.zillow.com/advice-thread/What-is-the-shape-of-the-condo-market-in-Greensboro-NC/574793/ 2015-02-06T19:18:00Z Rent or buy in Phoenix for 3+ years ? http://www.zillow.com/advice-thread/Rent-or-buy-in-Phoenix-for-3-years/574220/ <div>Hello folks,<div>We are from India and our visa will be good for next 36 months. Later on we will ask our company to extend it, which is a chance. As of now we are in Torrance, CA and after couple of months moving to Phoenix. I have been in confusion after talking to my few friends, if I should go by rental option or buying a 2 BHK should be good for both of us. I have around 30000 $, if I need to give as down. Few of my friends are suggesting that I will get rental apartment in cheap in Phoenix and also other factors like bank interest, economy risks, house maintenance (everything will get old and over period of time, I will have to repair or replace them), closing costs and other costs which I am not aware of. While others are advocating buying a house because even its cost is not appreciating (which I hope, will increase), whatever rent I will pay, can be my saving towards house. Just in case, if I had to go back to India, I can re-sell it or give it on rent, till I come back. What do you suggest ?<div>Regards</div></div></div><br \><br \>8 replies Mon, 02 Feb 2015 01:25:00 GMT http://www.zillow.com/advice-thread/Rent-or-buy-in-Phoenix-for-3-years/574220/ 2015-02-02T01:25:00Z Rent or buy in Phoenix for 3+ years ? http://www.zillow.com/advice-thread/Rent-or-buy-in-Phoenix-for-3-years/574220/ <div>Hello folks,<div>We are from India and our visa will be good for next 36 months. Later on we will ask our company to extend it, which is a chance. As of now we are in Torrance, CA and after couple of months moving to Phoenix. I have been in confusion after talking to my few friends, if I should go by rental option or buying a 2 BHK should be good for both of us. I have around 30000 $, if I need to give as down. Few of my friends are suggesting that I will get rental apartment in cheap in Phoenix and also other factors like bank interest, economy risks, house maintenance (everything will get old and over period of time, I will have to repair or replace them), closing costs and other costs which I am not aware of. While others are advocating buying a house because even its cost is not appreciating (which I hope, will increase), whatever rent I will pay, can be my saving towards house. Just in case, if I had to go back to India, I can re-sell it or give it on rent, till I come back. What do you suggest ?<div>Regards</div></div></div><br \><br \>8 replies Mon, 02 Feb 2015 01:25:00 GMT http://www.zillow.com/advice-thread/Rent-or-buy-in-Phoenix-for-3-years/574220/ 2015-02-02T01:25:00Z Rent or Rent to Own? http://www.zillow.com/advice-thread/Rent-or-Rent-to-Own/524490/ I work in New Berlin, but currently live more than 1 hour away. I am currently paying $850 in rent. Since I'm spending more than $400 on my monthly commute I would like to move closer to work when my current lease is up in June. I have good credit, but no money for a down payment. I know next to nothing about Rent to Own, but wonder if that is something I should look in to, or if I should just look for a rental unit and save my commuting money for a year or two before looking.<br/><br/>Liz<br \><br \>5 replies Tue, 14 Jan 2014 21:50:00 GMT http://www.zillow.com/advice-thread/Rent-or-Rent-to-Own/524490/ 2014-01-14T21:50:00Z Rent or Rent to Own? http://www.zillow.com/advice-thread/Rent-or-Rent-to-Own/524490/ I work in New Berlin, but currently live more than 1 hour away. I am currently paying $850 in rent. Since I'm spending more than $400 on my monthly commute I would like to move closer to work when my current lease is up in June. I have good credit, but no money for a down payment. I know next to nothing about Rent to Own, but wonder if that is something I should look in to, or if I should just look for a rental unit and save my commuting money for a year or two before looking.<br/><br/>Liz<br \><br \>5 replies Tue, 14 Jan 2014 21:50:00 GMT http://www.zillow.com/advice-thread/Rent-or-Rent-to-Own/524490/ 2014-01-14T21:50:00Z House for $50,000.00 http://www.zillow.com/advice-thread/House-for-50-000-00/565916/ 2 replies Sun, 09 Nov 2014 04:52:00 GMT http://www.zillow.com/advice-thread/House-for-50-000-00/565916/ 2014-11-09T04:52:00Z