I am thinking to leave my house, because only a value of 1 / 4 of my loan and go into a rental property. Is it true that if I leave my house, go to 3 years and can re-qualify as a new first time buyer? Hert my credit card or not in a position to get a mortgage later? How does the car owner? is that it is based on credit? Who knows if there are programs to help us?

Answer

Leasing is often a bad deal. Most states do not have any standard in this way that the owner of his lawyer write down everything in their favor. There's an old book called "The Jungle", for over 100 years written on the meat cold in Chicago. We talk a lot, like the abuse of workers. He describes "leasing" programs used to cheat people then.

Many of these measures have taken place today.

If you can not make their payments, then try to find a place at a price you can afford to be hired. Do not get credit for a future purchase, lease only as inexpensive as possible.