Originally Posted by cpaharley2008
A couple of flaws in your plan. First off, the financial institution will want some collateral, such as your home or it's furnishings to grant he loan. Sleeping on a friends floor would not meet their criteria. Second is having a fixed address for a period of time, again an issue. The banks do not like to foreclose and seize property as they end up losing also. Also you might want to make sure your unit is self contained, bath and kitchen if you want any tax deductions.
I'd suggest you stay where you are, make your purchase using existing circumstances, and then consider making changes. As always this advice is worth what you pay for it- $0
Thank you Cpaharley!!!!!
It was late when I replied, yes on the new
RV a down payment would be required.
Age and living with a relitive can pass the test.
Finding a non profit credit union can really
Help. Having no debt, or bancruptcies is very
I think the most important thing is to have
The dream and make little steps each day.
And stay far away from "the dream killers". They feed on killing
Dreams like vampires suck life and blood. Get them out of
Choose the road less traveled and don't listen
To the "crowd"...