dont mean to thread jack but didnt wanna create new thread.
im turning 25 and ready to finally move out. My work hours fluctuate depending on how many clients i'm booked but i'm doing pretty decent for someone my age. Another few more months of saving and I'll have enough for 20% down payment on an entry-level pad. I haven't done an in-depth pro vs con and the costs associated with rent vs buying..but just the idea of paying someone else's mtg seems like a waste. I am not settle down because I'm single and planning to move away for school, so I'd figure trying to sell a 1 bedroom apt few years down the road could just end up being more headache and potentially money lost than straight up renting.
My last year's income also seems peanuts because I didn't start F/T until pretty late but I have a good credit score and have a decent savings...i hear they are making it more difficult to get approved for mtgs?
What I really wanted to ask was if taking out a mortgage will it affect my chances of getting a large student line of credit? It'll be a professional program out of the country so the sLOC after 4 years is said and done will likely total to the value of a cheap condo. I understand there's so many different types of mtgs but I'm just curious if having an asset will hurt or maybe improve my chances of maximizing sLOC?
thanks for reading and forgive my noobness.
