I recently landed an IT job that pays $50k a year. I want to own a home soon. I currently live with my parents. I would like to live in an apartment to build credit history, however my area has an overwhelmingly high cost of living. Average rent for a 600sqft. apartment is about $1300 a month.
It is cheaper to get a 15 year mortgage on newly built homes here. We are experiencing an economic boom and rent and property prices will likely sky rocket.
I have around a 700 credit score with low credit history. I've only been using credit for my vehicle. Should I get an apartment and a credit card to build credit history? Would it be smarter to stay at home until I can afford a down payment on a home? I really don't want to live with my parents considering my age. Where should I go from here?
Submitted March 19, 2018 at 09:23PM by MrMandalore http://ift.tt/2FM6LDj
