Mahalo to all of providing such great advice. I must apologize because I was attempting to be brief and to the point, I see that I’ve obviously left out important information. My husband and I are retired military ; we currently reside in Hawaii, although my husband is currently a contractor in Iraq. We were previously in Austin, where we purchased a beautiful home and we are renting it out.
We would like to return to the Mainland, preferably San Diego or San Francisco. By the time we plan on moving in June 2011,we hope to have quite a bit more than the $20K; plus we’ll have little to no debt.
My initial thought was to not rent per say, but do some sort of lease with option to buy.
Because I’m a Cal Vet, I could go that route, but with my FICO below 700, I’m concerned about getting a loan.
We will continue to research the areas, to see where we can relo in the most cost beneficial way to the family.
Again many Thanks for all the good info.
