All Topics / Help Needed! / AHHA Moment

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  • Profile photo of Dr.SpockDr.Spock
    Participant
    @dr-spock
    Join Date: 2004
    Post Count: 69

    Hi every one

    Its my 40th birthday today and I have had one of those moments that Steve talks about when you realized its time to begin investing. I realize that now I am 40th that I need to get in to gear and start property investing to set up retirement, I realize that it is not going to be easy because I have had a bad credit rating, but in saying that I have paid a lot off my bad credit of and my husband and I work, so we should be able to get a loan. So hopefully in the near further I will be telling you about my first investment purchase. My goal is to have one by the end of this year. Lets see if I can do it? Don't worry I know I have a big hurdle to get over trying to find finance but I will give it my best shot and let everyone know how I get on. So as everyone says Life begins at 40, let the journey begin.

    Profile photo of adldadld
    Participant
    @adld
    Join Date: 2008
    Post Count: 20

    congrats! i wish you all the best! be sure to keep us updated of your progress!

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674

    Don't give up !
    If you have trouble getting finance you may have to resort to a non conforming home loan
     that allows bad credit record holders to borrow money at a dearer interest rate
    until you can earn a cleaner credit record.
    You may find a mortgage broker could be helpful that has access to non conforming lenders

Viewing 3 posts - 1 through 3 (of 3 total)

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