Author Topic: Not enough cash to rent an apartment? Buy a house instead!  (Read 1630 times)

La Bibliotecaria Feroz

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I keep hearing these ads for a mortgage company on the radio. They point out that to rent an apartment, you need first and last month's rent and a security deposit--that could be like $4500! Who has that kind of money? BUT for just $1000 up front, you can buy a house AND skip your first month's mortgage payment!

Yikes.

KMMK

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Re: Not enough cash to rent an apartment? Buy a house instead!
« Reply #1 on: May 14, 2016, 10:11:23 AM »
Wow. Has no one learned anything from the past housing crash? Who are these lenders? Just crazy.

slugline

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Re: Not enough cash to rent an apartment? Buy a house instead!
« Reply #2 on: May 14, 2016, 06:29:04 PM »
Well, they're asking for $1000 more than a no-money-down mortgage requires. . . .