My member of the clergy and I bought a home recently. We chose to go 50-50 on everything… down payment, monthly payment etc. But, we thought it might be smarter to take the loan out under his name to get a surpass rate. I have fantastic credit and didnt apply for the loan with him because I was in between jobs. Both of our names are on the title but only his is on the loan. Is it possible for me to be added to the loan so I can share the tax benefits if any?
I bought my home and got my loan from a sub fill in lender. My payment is so high, At the time I had 2 jobs but lost one due to the economy and may not even qualify for a loan now based on income ratio? Any suggestions
We refinanced our home and lost jobs.
I have a mortgage for my home that is 477K and apparently zillow.com says it is worth 447K now….I want to refinance because my husband was working 2 jobs and now he’s working 1 and the bank we have our mortgage with says if we refinance we will have to pay the same amount because we have a 7.125 interest only and we would have a principal and interest if we refinanced….what’s the deal? Is there no way to get our home a surpass Monthly payment with all the new laws in look?
We can accept Obama’s challenge and make change at the local level using complementary currencies to make and retain jobs, produce housing, provide health care and elder care, and reduce the carbon and greenhouse gas emissions driving climate change. We don’t need lots of federal funding and major policy change – we just need to mobilize using ancient-fashioned convergence organizing skills.