Apartments for Cheap

Questions and Answers

Your Questions About Cheap Apartments Rent No Credit Check

January 19, 2013

Mark asks…

What are the odds of me getting into the Disney College Program and what can I do to be more competitive?

And since they’d pay me, and then I’d put that into housing, do I end up paying for the program?

Administrator answers:

First, I only know about the WDW (Florida) program. The California program is much smaller but probably works the same way. I supervise students from my college who go down. My experience is that over half of the students are accepted (that may reflect how we prepare them). To get accepted, first you need to pick a wide variety of placements that you would consider. It’s extremely hard to get an entertainment role. These are by far, the hardest placements. Placements in hospitality are also difficult (though not as bad as entertainment). Food (not culinary), merchandise (shops), and attractions are the easiest. You can put down as many as you like. Don’t worry about what you really want to do, they will ask you this later.

You start with an application which will not be accepted until you also view a presentation. The presentation can be viewed at a college or online. After the presentation, you do an online interview (brief) after which they will process your application and role checklist. Your interview is next. This is usually done on the same day as your presentation (if at a college) or on the phone a couple of days later.

What are they looking for? They invest a huge amount of money in these interns. They want serious student who really want to go to Disney to learn. They don’t care if you have high grades, but will reject you if they think you are going there to party. They want you to be excited about Disney and they want to make sure you are not going to damage their band name. You will receive a large amount of training (they will pay you to attend). You will work hard (no slackers). You will be in the biggest recreation area in the world and it’s all free. (The parks and water parks are free to use whenever you want. You are allowed to bring a limited number of family or friends for free.)

The money. You pay an activity fee up front (right now this is $100). All activities are free: parks, paddle boats, tennis courts, exercise rooms, etc. You may have to pay your college for credit hours (not full time). If yau are at an expensive college, see if they will let you be placed for a semester from a community college which is much cheaper. Some colleges do not give you credit and therefore do not charge you. You will be paid for work and training and Disney will guarantee a certain number of hours (usually 32). When Disney gives you more hours, which often happens, you will be paid more. You will be charged for your dorm room. It’s organized so that students will receive $100 per week after their rent if working a minimum week. This is your food money. You will also have to pay to wash your clothes, but not your work cloths. Disney provides the work clothes and cleaning. They provide bus transportation from you dorm to work, recreation, or shopping. They provide internet access and basic cable, you provide the tv. They have computer rooms with tech assistance and some basic tutoring (math, English) if needed. The dorms are like apartments with good parking and with pools. You pay your way to Disney the first day (fly/drive). You need enough money with you to pay for your food until you get your first pay check. You will need to buy detergent.

Finally, they have no tolerance for underage drinking, illegal drugs, or violence. For violence or drugs you will be expelled immediately. For underage drinking they will give you until 8AM to move out. Drinking is allow in apartments designated as non wellness. If they catch 1 person in the apartment that is under age, everyone gets expelled. It does not matter if they were drinking. Most 21 year-olds opt for the wellness apartments, and do their drinking elsewhere. Dorms are secure with 24 hour security and gated. Non Disney program people can only be in the dorms if escorted by an intern. You can;t have a sleepover who is not Disney program. If you have a guest, get a hotel room (Disney will give you a real cheep rate). You won’t be rich on Disney money but you can live on it. In weeks you work more (up to 60 hours), you will be able to afford to eat out more.

Richard asks…

What can I do about getting a private loan for school?

I’m going to college at the beginning of August, the 20th to be exact. I need money to pay for housing off campus, which I was told a private student loan can be used for. I keep getting denied. What can I do now?

Administrator answers:

You need to find a better cosigner….one with a good credit history.
Without a cosigner with good credit you will never be approved for a private student loan.

By the way, you CAN use federal financial aid (loans, grants, work study) to pay for off campus housing!! I took out a federal Stafford loan and used that to supplement my income from my job to pay my rent and other expenses off campus when I was in school.

If you are already getting the federal Stafford loan (Which is great because it does not require a cosigner or a credit check) then it sounds like your school (or your apartment) is more expensive than you can afford. Find a cheaper school or cheaper housing, so you can use some of your Stafford loan for living expenses rather than tuition.

Dependent Juniors and Seniors can borrow up to 7,500 a year. You can attend many colleges for well under 4,500 a year.. Leaving you 3,500 (1,750 per semester) for living expenses. The school gives you a check for the overage once a semester. It is often referred to as a “refund check”.

Good luck.
PS: I commuted 2 1/2 hours (each way) my last year of grad school. Figure out something that works for you that you can afford.

Donald asks…

How much money do I need to move out and into an apartment in Southern Ca, what costs are involved?

Can anyone give me a run down on this?

Administrator answers:

Southern California isn’t cheap.
Open up any local newspaper and check out the rental section.
When you find an appartment that suits you and you know how much the rent is then we can begin:

Let’s assume your rent is $1000.

You need first months rent and security deposit (usually the equivalent of one months rent = $1000).

You also need to get your gas and electric started and of course you will need phone and cable service.
Sometimes utility companies require a deposit…
Altogether assume that you will need at least another $500 to get phone, cable and utilities started. If it comes to less… Good for you.

Of course you want to furnish your place… That can get very expensive if you want to buy everything new.
But you can start buying stuff now and put it in storage until you can move out. I would buy everything new for the kitchen: Pots and pans, silverware, glasses, plates, bowls, etc.
(For this purpose you can have a friend host you a “moving in party” where everybody brings you something for the kitchen as a present.)

Systematically go thru each room in the apartment and “furnish it” by writing down what appliances and furniture you would need on a piece of paper. Don’t forget such things as bath towels and bed sheets.

Then start buying the stuff you need for each room. By the way, thrift stores are an excellent source for cheap furniture… To this day I have hardly ever bought anything new unless it was a mattress set.
I draw the line there… Mattresses and box springs are something you do not want to buy used… Not even “refurbished”. Alway buy brand new. (You have no idea what could lurk in your “used” mattress).

To make a long story short: To furnish your place using your existing furniture and buying either cheap or used… You can except to spend at least another $3000.. And that does not include the big flat screen T.V.

So: 2 times monthly rent just to move in and pay security deposit.
$500 to get utilities, garbage, phone and cable started
and another $3000 min. To furnish your place and to fill up the refrigerator and buy dry food items…

This is assuming that you are starting from scratch and will have a one bedroom, 1 bath place plus kitchen and living room.

I think the last time I moved into a bigger place… I blew close to 10K.
But then again I am older… And had this much money saved up for just this purpose. (I had to buy new washer and dryer… And went and bought brand new beds and mattresses…) It was fun…

Make sure to have the cash ready and do not “finance” a move by putting it on your credit cards. If you are still at home you should have plent of time and opportunity to save the money you need. Just pretend you are already paying rent and put at least $1300 a month away. This much you can expect to pay for rent and your other monthly bills.

Donna asks…

what is the best way to buy a home with poor credit? Helpful answers only Please.?

I make approximately $55k annually and still rent because I am afraid that my poor credit will not permit me to purchase a home. I am paying someone elses monthly mortgage in the form of rent and am tired of throwing my money away. I am interested in information on first time homebuyer programs in southern California or programs designed for the credit challenged.
Desparately seeking homeownership.

Administrator answers:

Let me be the first to congratulate you on a great decision to buy a home.

WHY HOMEOWNERSHIP IS SMARTER THAN RENTING

- Income Tax Savings

– As a homeowner, you can deduct your mortgage interest from your personal taxes. This can really add up. That’s thousands of dollars per year – in your pocket! If you add up the tax savings, you might be surprised to find out that, after you factor in tax savings, you can own a home that has more room than your apartment – and still end up paying less than you are paying right now for rent!

- Home Equity – Every time you write a check to your landlord, you might as well be flushing that money down the drain. It’s gone forever. But when you own a home of your own, you will be building equity in something that belongs to you. The principal you pay each month is similar to depositing money into a savings account. After many years of paying into the home, you will have a tidy nest egg saved up that you can use for emergencies, your children’s education, or retirement.

- Security, Comfort, and Privacy – There is a reason people call homeownership ‘The American Dream’. A home is something special that you can call you own. You can be proud to invite your friends and family over and show them ‘your home’.

THE MONEY – HOW TO GET THE FINANCING YOU NEED

- Banks vs. Mortgage Lenders – You first need to understand the difference between banks and individual mortgage originators like us. Banks handle savings accounts, car loans, investment accounts, etc. Mortgages are just one of many services they provide. We’re different because we only deal in mortgage loans. We sleep, eat, and breathe mortgage loans and nothing else. Would you go to a general physician to have heart surgery performed? Of course not. So why go to a big bank, when what you need is a mortgage specialist?

- Timing is Everything – It has never been cheaper and easier to borrow money to buy a home than it is right now. Even if rates go up a bit, they will still be monumentally lower than they were back in the 1980s, for instance. Back then rates were as high as 20%! Nowadays, even people with bad credit regularly get rates much, much lower than this. But don’t wait too long. Rates are cyclical. They will start rising again, and you will have missed your chance at homeownership.

UNCLE SAM WANTS TO HELP YOU BUY A HOME

- Uncle Sam is Your Friend – The U.S. Government wants for you to own a home and they will go the extra mile to help you afford one. Why? Well, every time one home is built, the effect on the economy is quite significant. Think of all the people involved in the construction of a new home, for instance. Welders, Electricians, Carpenters, Plumbers, Framers, Roofers and others are greatly affected by your choice to purchase a home.

- Little or NO Down Payment – Uncle Sam has programs like FHA and VA that can help you get into a home with a low down payment, or in some cases, with ZERO down.

- FHA and VA Programs – If you read our mortgage glossary, which is available for download by visiting my website, you will discover that FHA stands for ‘Federal Housing Administration’ and that VA stands for ‘Veteran Affairs’. Get familiar with these programs, because they just might be your ticket to the American Dream.

HOW TO DETERMINE IF YOU QUALIFY FOR AN FHA OR VA LOAN

- VA Specifics – The VA Loan allows active or honorably discharged military personnel to obtain a home loan with 0% Down Payment. In addition, the seller is required to pay a large portion of your loan closing costs!

- Do You Qualify for a VA Loan? – To determine if you qualify for the VA loan, you simply need to meet the following criteria. First, you must be either active in one of the Armed Forces or an honorably discharged military veteran. Second, you must have reasonable debt-to-income ratio. This means that your current bills (car loan, student loans, bank loans and credit card bills) cannot exceed 41% of your income.
- FHA Specifics – If you don’t qualify for a VA loan, then you should look into an FHA Loan. The FHA Loan Program allows little or no down payment, depending on your circumstances. The largest down payment you may be required to provide is 5% down. In addition, the FHA loan is also very liberal, in that, it allows a 41% debt-to-income ratio (including your mortgage payment), just like the VA Program.
- Do You Qualify for an FHA loan? – If you have proof of employment, a small down payment, and a decent payment history for your other bills in the last two years, you would likely qualify for an FHA Mortgage.
- What if you are Self-Employed? – If you are self-employed, that’s OK too. We will simply need proof of income from your most recent tax returns. If you can provide this, and meet the regular criteria for an FHA loan as listed above, you qualify!

ABOUT YOUR CREDIT SCORE

Studies show that most Americans would rather see their dentist than have an appointment with a mortgage loan officer. The likely reason is that they are afraid of rejection – afraid of the big bad loan officer who will stamp a big red NO on their application. This is far from reality. Remember, Commissioned Mortgage Originators are in the business of saying YES. We’ve heard it all and seen it all and we are willing to help you, no matter what your situation is.

- Credit Problems are OK – You might be confused about how a lender determines if your credit is good enough to qualify for a mortgage loan. Let’s clear up that confusion right now. Basically, if you’ve had credit problems in the past, the mortgage company will look at those problems and ask the following questions:
a.) How far in the past are your credit problems? (i.e.- if you had multiple delinquencies on your credit card this year, you might not be able to obtain a loan)
b.) If your credit problem is in the past, is it likely to recur again?
C.) Is whatever it is that caused your credit problem gone, or is it still present today?
D.) How good is the probability that you will pay your bills faithfully every month from now on?

- Judgments – If you have a judgment against you that has not been satisfied, you will not be able to obtain a mortgage loan. To obtain a mortgage loan, the mortgage company will require title insurance. Title insurance cannot be applied against your loan if you have an outstanding judgment.

- FICO Score – Although lenders look at much more than just your 3 digit FICO (credit) score, you should try to keep your credit as clean as possible, because the higher the score, the better!

- No Credit History – Even if you don’t have any credit history whatsoever, you can qualify for a mortgage loan. As a matter of fact, it’s not all that difficult. If you have a stable income, proof of employment, and a small down payment, you too can qualify for a mortgage loan!

MORTGAGE TERMS 101

As a First-Time Home Buyer, you are going to encounter a lot of new and unfamiliar terms. You should educate yourself on the meaning of these terms. To help you in this process, we would like to give you access to the ‘Ultimate Glossary of Mortgage Terms’. To access this glossary, click here : http://www.freemortgageinformationsoutherncalifornia.com/glossary.aspx

GETTING PRE-APPROVED IS THE SMARTEST MOVE YOU CAN MAKE

In many areas of the country, home sellers won’t even speak with you unless they can confirm that you will qualify for the financing to purchase their home. In addition, you need to make sure you know how much you qualify for so you can avoid wasting time and effort inquiring about homes that are priced above what the lender determines you can afford. Get pre-qualified. It’s fast, easy and best of all AT NO COST!

New! – We are now offering a NO-COST Pre-Approval Service for First-Time Home Buyers. It’s fast, easy and at no cost to you. You’ll get a copy of your credit report, as well as a NO-COST mortgage analysis.

- If you qualify, we’ll provide you with a certificate that you can show to home sellers to prove that you are qualified to purchase their home. We’ll also allow you NO COST Access to our VIP Home Buyer Service, which will allow you to find out about HOT New Listings before even some Realtors find out about them!!
- If you don’t qualify, we’ll be honest and professional, giving you the same respect we would give an A+ credit borrower. We’ll show you why you don’t qualify and then give you a specific plan to follow so that we can provide you with home financing sooner, rather than later.

Also, here is a Free calculator that will help you calculate if it is cheaper to Buy vs. Rent :

http://www.freemortgageinformationsoutherncalifornia.com/calculators.aspx

Remember also, that you can change the with holding on your pay checks to take home more money each month, because now you have a new tax write off by owning a home.

Here is a free report which might also provide you some added information : http://www.freemortgageinformationsoutherncalifornia.com/stop_renting.aspx

Please let me know if you have any other questions.

Best Regards,
Darren Meade

Laura asks…

Does anyone know of an apartment complex in South New Jersey that doesn’t check credit?

My husband and I are getting divorced and I need him out of my apartment as soon as possible. He has horrible credit and mine isn’t that good either. Does anyone know of a place in south New Jersey that doesn’t check credit or that allows tenants with bad credit as long as they make enough to pay????

Administrator answers:

You should go to Ocean Grove, Belmar, Manasquan, Point Pleasant or Seaside heights. There are tons of winter rentals available cheap or you can rent rooms by the week cheap. They generally don’t do credit checks and prefer you pay upfront in cash.

Be advised though it’s only a temporary fix until June. June, July and August those bungalows and rooms go for a premium price for the summertime.

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