Can I buy a condo, given my current situation?

In: Mortgage Refinance

13 Sep 2010

I am 21 and have a full time furniture salesman for several months. I make about $ 4,000 per month plus or minus a few hundred or more. I am also the full time school and I am entering my last year of college and I have about $ 13,000 in student loans. No credit card debt and my car is paid for. My lease ends and now I have a new job, I wondered if I could buy a condo for $ 50,000. That would be about mortgage or lease for less and I would not throw my money away. I do not know how big the impact on employment, time plays, it’s my biggest concern … Ideas?

Do you have money for a deposit and closing costs? Very difficult to find a mortgage of 50k or less, you have to take a personal loan



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