I recently moved to a mortgage company, Ace Mortgage, and they introduced me to a product I was unfamiliar with.

Even with that said, it is easy for people to get mortgages these days- there are so many loan products and the job market is very strong.

Originally posted by "noobdog1":personally, if i'm single and/or married with no kids and i have an income that pays the bills, the following strategy sounds like a very good one.1. buy a property in an appreciating area to live in - below current market value 20% minimum.well shoot. i already messed up step 1. comps for a similar unit in excellent condition was 180k and i purchased a rehab-condition one for 157k. is there any reason why 20% is the min?

To that end, I'll throw out that we have excellent credit, strong assets & some cash, and stable employment to bring to a partnership with the right person and the right opportunity.

Property records at the courthouse will also yield excellent, thorough comps.

As for virus protection, if you want a great FREE product, I'd look at http://www.activevirusshield.com - It is AOL's Active Virus Shield.

As for displaced Katrina victim's.....I agree that some of the individuals are not adjusting well to their new enviroment but, many are becoming productive citizens and adding to Houston's strong economy.

I found some excellent info on LLC's vs. incorporating vs. umbrella coverage.

It is an excellent book of organizing yourself and your finances.

So here is the question....Scenario: excellent Fico score 880, liquid assets, and want to make a purchase in the 30K range for an investment property but don't want to use cash.