My buddy had a Mossberg 4x4 3 years ago, he owned for a week then took it back. He bought it for general hunting at a good price. Shot 10 rounds out of it and took it back. He would rather shoot his .338 mag over that, it booted like a freaking mule, the best he could do with handloads was 2.5" at 100 yards and overall he was not impressed. At the same time I bought my savage axis in 270 win.
Right nwo I shoot a savage axis in 270 win. That gun with federal blue box 130gr and I could 0.98" @100 yards. Its a cheap gun, but for $350 you cant go wrong. Then put the other $300 you have left over and buy a nice scope and out it on. Use it for 2-3 years, then when you have enough buy a $800-$1000 gun and put the scope on it and your golden. That's what I did, and right now im ordering a Weatherby Vanguard S2 in .300 WSM from cabelas and for under $700 you get the rifle, 3.5-10x42 scope and hard case. Cant complain with that, and in another 2 years, ill put a Vortex Viper HS 2.5-10x44 scope on. Then my 270 will be my "toy" to go and shoot coyotes,gophers etc with and for hunting my 300 will come out.
My dad, uncle and grandpa all have a savage 111 fcxp3 in 270 win and they all shoot anywhere from 0.5"@ 100 yards to 1"@100 yards. Good guns, good price. They are a step up from the axis, and overall a nicer gun. If your interested Prairie Gun Traders in Avonlea, Sk HAD (might have sold it) one in 270 win for I think $275. It was my buddy's that he traded for a Remington 700 tactical in 308 and that gun would shoot 0.77"@ 100 yards with handloads. Phone up and ask, cant hurt anything.
BTW the vanguard s2 is guaranteed Sub-moa @100 yards, and the action is, in my opinion, 10 steps up from a Remington 700.