I have a fantastic credit score and excellent income. Unfortanetly I don’t have much money for down payment. That’s why I am looking into the option of a FHA government loan but I have to pay for PMI(Private Mortgage Insurance), is this a excellent loan? By the way this is a 30 year fixed loan. They also told me about a 40 year loan, is there such a thing like this? What kind of APR I should get an flexible or fix? Anyone can help. I am first time home buyer.
I have a middle score of 637, and my boyfriend has a 577, both with credit cards with high balances so I am sure they will go up a small if we pay them off. He has some collections from a few years ago, one from an apt. I make around 26k a year and he makes about45k a year. He is in the business of building homes and he runs a store that sells the materials needed so he has excellent friends that would erect us a home and give us lots of equity. We are looking to get around 150 to 170k to erect. Do you reckon it is possible, or do you know of any loans that would work?
Yes he has collections owed, and we havent always made this much money. We went here for his job, and he doesnt in fact do the construction. He runs a store similar to home depot and has job security like no other (he will never lose his job.) The credit card debt will be paid off probably this month or next month, thats why I said our scores would probably go up. Thanks for all the answers
I’ve been hearing about this 8k home credit if your a first time homebuyer and buy a new house. I’m thought about buying a place by the end of the year.
I don’t make that much money, only 31k a year, but my motorcycle and car are both paid off so I don’t have any huge bills, pretty much only a credit card payment and my cell phone bill.
How much could I get a mortgage for and better yet how much could I meet the deprivation of?
A realtor/broker has questioned if I would be interested calling people on the phone regarding refiancing…………I would get 8% of his commission for each loan processed.
im a first time homeowner with a single income. my wife has cmt which has left her on dissability. we also have a twelve year ancient son. since we’ve been married, the state of missouri says that i make too much money for my wife to recieve her check any longer. OH WELL!!. anyhow im looking into refinancing, but don’t know much about the whole thing. we could use a small more money for bills, and just to have in case of emergency. we’d really like to have a small more so that we could go do equipment with our kid that we can’t do now. you know, place some in a savings account that we don’t have to dip into for bills. anyhow can anyone give me some advice on refinancing my loan. is this a excellent thing to do in my situation? please help me out.