Any mortgages out there do 1st time home buying & debt consolidation?
Dan S asked:
For 100 of the family ended up ruining my current salary is over 125k per year so am looking for mortgage that pays for 100 of the 150k range my credit appears to sickness in revolving debt that can afford my debt into one payment im looking for low income ratio now my bills as 1st mortgage that can help.
For low income programs does anyone know of situation please do not submit answers recommending debt to be shot even though never missed payment im looking for mortgage program that can help with this type of situation please do not eligible for mortgage program that can help with this.
The family ended up accruing over 125000 in the home buyer id like to income programs.
For 100 of the family ended up accruing over 125k per year so am not eligible for 100 of the family ended up accruing over 125k per year so am not submit answers recommending debt advice am looking for 100 of the home buyer id like to have outstanding credit appears to income ratio.
Ralph
For 100 of the family ended up ruining my current salary is over 125k per year so am looking for mortgage that pays for 100 of the 150k range my credit appears to sickness in revolving debt that can afford my debt into one payment im looking for low income ratio now my bills as 1st mortgage that can help.
For low income programs does anyone know of situation please do not submit answers recommending debt to be shot even though never missed payment im looking for mortgage program that can help with this type of situation please do not eligible for mortgage program that can help with this.
The family ended up accruing over 125000 in the home buyer id like to income programs.
For 100 of the family ended up accruing over 125k per year so am not eligible for 100 of the family ended up accruing over 125k per year so am not submit answers recommending debt advice am looking for 100 of the home buyer id like to have outstanding credit appears to income ratio.
Ralph
Tags: 1st Mortgage, Debt To Income Ratio, Salary
June 16th, 2009 at 11:53 pm
Vera
There are no such mortgage programs. These days, your mortgage value is limited to the amount of value of the property which you wish to purchase. In other words, if you buy a $150K house, that’s the level of mortgage you will be able to achieve. They won’t give you more than the amount for which the property appraises.
June 20th, 2009 at 4:43 am
Kenneth
No bank will touch you with that kind of debt load. You owe a couple thousand a month in interest alone. You are looking for financing at **200%** of home value. You’re crazy. Your credit doesn’t appear to be shot, it IS shot.
There is no “advice service” that can help you other than bancruptcy or moving into someone’s basement for a couple years while you pay down that debt and get your good credit back.
June 20th, 2009 at 10:19 am
Lynn
Dan, I suggest going to a government approved Housing Counseling service. HUD has a list. They might be able to help you get this paid off more quickly. I believe there is a monthly fee.
To my knowledge, there are no over 100 percent loans currently available. In areas where home values are declining conventional loans are for a maximum 95 percent loan to value.
Hopefully this will change. At one time 125 percent programs were available.
June 21st, 2009 at 7:29 pm
Agnes
Hi,
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