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In order to get a mortgage need to increase my income?


i live in mass. i have over $10,000 saved i called country wide to find out about prequalifing for a mortgage for a single family home for about $175,000.i was told my credit score is fine so its not that.i was told my income is to low i am social security and he said i did not have a big enough income to debit ratio.the most i would be able to get is $82.500 theres no way in hell u can find a house for that price.come on last be honest.my father is disabled and i take care of him and he pays me for it.$500.oo a month but that cant consider that income i guess its not traceable.but it is money ...so what do i do. i really would like to get a single family home what would they consider income how about a trust fund? what if my father has a check given to me every month thru the bank?im just trying to be creative i am 42 yrs old.so then i thougfht of a mobile home ill live there till i die i can certaintly get one for under $82.500 they are everywhere for that price help.any ideas....i

well you said your credit is not that bad. Why not try a licensed mortgage broker they can offer you more choices. You could probally do a no doc loan. This is based on you credit and the value of the property. no income nor assets are verified.

if your interested in a no doc loan you can email me and I can give you the information requested. Report It

have your father be considered for income on the loan as well, problem solved. Good Luck

I assume you are a single person. There is nothing much you could do at this time. You don't want to spend every single penny to pay your mortgage. You want to have money to enjoy life. Forget about the house now. Look for a one bedroom apartment. I think you can afford to buy one. Then find yourself a girlfriend and get marry. With tow income, you will soon be able to buy a house. Good luck.

Contact Me!

I'm a mortgage broker with over 300 lenders available for you. I can get you approved with a NoDoc product, and great rates depending on your credit and equity of the home.

Visit my website for contact info www.bletza.com

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