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Tuesday 24 March 2020

Need help with renting or buying a house!?

Donte Schoenhals: My mum is going to help with the downpayment for our first house if that helps.

Ron Keliipio: On his current income - he won't get a mortgage at all. He earns too little, and has essentially no deposit (you need 10-20% of the property price)You'd need to work in the USA for a few years before your income or credit rating would countAt the moment - buying isn't an option. Renting could be, but you'd need to look at rental costs in the area you both want to live and figure out what's affordable....Show more

Arlene Maycumber: He lives with his parents and it's going to take him a year to pay off a TV? If he didn't live with his parents, he'd have to pay rent to a real landlord, and unless his money his going to his parents mortgage or bills, he certainly would not have a couple hundred left over. It very well may be that he's the "one". But the reality is, based on what you say and in the time frame of *now*, you'll need to be the higher earn! er, and likely work more, to get your both in your own place....Show more

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