Reply to 670 score, 16k, want to borrow 700k

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

800 student loans 600 car and insurance no child support -op[/quote]

When you said “ I earn 175k and have st loan car note and kid costing about 1700 month in payments. ” , it made it sound like you have three payments: st loan, car note,  and kid.

Where is your commute? How old is your child? Where is the other parent in this?

I think that you cannot purchase anything right now.  You have to move to an expensive place to rent. You. May be renting for quite a long time-so do not worry about the cost of a second move right now.  Believe it or not, there are cheaper places to live where the schools are good.  If you  tell us where you work (general area), this site can tell you where the bargains are so that you will have a decent commute and your child will have a decent school and you both will have a decent place to live.  You have a very healthy income.

I think you need to let go of trying to purchase something right now. You need to concentrate on building up your savings, including an emergency fund, and then your retirement fund and then college fund for your child (your income will mean they will not qualify for any need based aid).  Once you move, you can also have fun looking around the various thrift shops to get cheap furniture that is well made and not Ikea.

So, first questions again: what is the age of your child, to where is your commute, and where is the other parent?[/quote]

Typo: you need to move to an INexpensive place to rent.[/quote]

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