Will I get approval from the bank ? : RealEstate


So I’m looking to buy my first house in Newark NJ. Now I’ve never bought a house before ,

And I don’t make any income at the moment

Will the bank approve me for a loan ? Do I need to have income so they approve me ? Does the house itself not count as good enough collateral for the bank ? How about a hard money loan ? Is there pros and cons for going with a hard money lender ? Do they approve easier? Do I end up paying more ?

Should I wait till I have a income?

Anyone with even a answer to a few of those questions please be so kind and help me get started

THANKS !



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