Ok, so after going to the bank to talk about my line of credit and the interest rate on it, I got pre approved for a mortgage. Wasnt even looking for one, but the bank officer said I had good enough credit and since I told her I was looking to move back out (currently living with father to pay off a loan) it might be cheaper to find a place to buy, than to rent one. Only thing is, the pre approval is for only 110 grand, which is good, but alot of homes around here are more like 180-200 grand. Geuss I could find a beater to fix up, but I have been planning on going to school, so that complicates things. If I could fix a beat up place up and be able to rent it out during my time in school, that would be the only way id do it.
oh and they bumped my line of credit up to 25 grand to save me the one interest point!
