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Want to buy a home. What to do? |
Credit score is 780. First time homebuyer. No money for a downpayment unfortunately... Have over 140k in student loans, No Credit card debt, Have a 8k car loan at $250 a month, that's it... salary is 50k.. Should I apply for: Hello Natasha, Im Waldin Gonzalez I'm a mortgage banker please tell me what state are you planning to buy your house, I have lots of creative financing ideas to help you obtain your property. A realtor or mortgage broker will be able to help you with this one. I just bought my first house, but I had a down payment. Good luck! First off, are your student loans consolidated and at fixed rates? $140k is very high and I am guessing your payments are around $1000. You need to make sure that your interest rates aren't going to jump up if you buy a home. Secondly, it is a bad idea to buy a home with 100% financing, no matter how good the lender or real estate agent might tell you. I suggest saving rigorously over the next 6 months to 1 year to save up for at least a 5% down payment. Once you have that down payment, definitely take advantage of the first time homebuyer program. |
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it still depends on what you're putting down.....and what product you want. 30yr fixed...20yr fixed??? 5% down ? 10% down? Notice that you have to make downpayments in increments 5%..... 3%... Auto finance is what I do for a living and with a repo on your credit you should try Capital One direct first because if you go to a dealer they will get you done no doubt but your interest rate wi... This is the SAME BS my wife and I went through. The company repeatedly pulled both our credit reports (6x in 45 days) which made both our status' go from an excellent rating to a good rating. ... Talk with a mortgage company not a bank.. My credit score is in the mid-600s and I've been approved for a 100% financed loan at about 6% interest. Check other companies! Also... I'm no... I think you should not cosign for the loan. He should take extra jobs and save money. Many sibling relationships have been ruined due to money loaned or cosigned. You can get car financing in your ... Yes this is a very achievable goal. You can get past the DTI issues by having a nice income yourself and by using your rental income from the properties. This should be enough income, especially if... $0 as even Flynn corporation borrow $2,500,000 from lebo, it will mature in 2 years which makes it long-term debt, whereas no more borrow information given which gives idea of no more borrow till ... It sounds as though you have a real problem and you have my sympathy. But you are asking the wrong question here. You cannot get any tax relief just to give you a breather and let you pay off y... |
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