Money in the bank is far more essential in your situation than simply credit getting a house!
She doesn’t have anything up until the residence is sold and you will just who knows how long that may grab. She may need assistance of some type in the mean-time in order to re establish her notice.
I’d suggest playing with a customer’s agent to greatly help with this specific) next in a number of ages day, one to assets may have increased in the well worth enough to you to attract brand new equity and purchase a second investment property
I became going to declare that kissykat doesn’t need to introduce a credit history, but if a reputation alter occurs as a result of the divorce case after that that will be the truth.
Easily have been you I might stash the new 100k because the an urgent situation fund, and you can rent if you don’t provides a real income arranged. Up coming create a deposit off scratch.
We tune in to it is nigh impractical to safer a home loan if you’re on unmarried moms and dads your retirement, actually a beneficial $200k unit (which have a 100k deposit) in the a tricky city
From my perspective, this is the best recommendation. That being said, some individuals are involved through its reputation and you may visualize so you can rent for an extended period of your time.
We hear its nigh impossible to secure home financing in the event that you’re on single parents retirement, actually a beneficial $200k device (that have a good 100k deposit) for the a dodgy area
Could there be in whatever way that you could stay-in your current location for a separate year?