Originally posted by rabbidrabbit
Some quick real estate advice...If at all possible... never rent unless you expect to leave within a couple of years. Never buy a trailer since they depreciate a property unlike a house which holds and gains far more value over time. Your insurance will be much lower too.
Now heres the truth, if you only qualify for a $60,000 loan, and all the houses are $120,000, you might want to consider renting before winter comes, cause the park bench gets rather cold.
Always buy a house if you can find one that you can afford, don't get sucked into the interest only mortgages. And last but not least, don't get a mortgage thats more than you makes in a month.
In a nut shell, you might have to rent for an extended period of time.
Oh and don't worry about buying a trailer if the land comes with it, the land itself will never decrease in value.