It is possible to get a mortgage loan if making $11000 a year, if it is possible, please how do I go about it thanks
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It is possible to get a mortgage loan if making $11000 a year, if it is possible, please how do I go about it thanks
Depends on how much you plan to borrow. How is your credit score?
My credit is good about 700
Realistically you will not be able to get a mortgage for property unless you have SERIOUS collateral to put up.
It depends on how much money you are wanting to borrow.
I about $50000
How much is the home you are buying?
A $50K, 30yr mortgage at 4% would cost you $240 month. That is about 25% of your GROSS pay. So it doesn't leave much room. It might be doable, if you will have a lot of equity in the home. So talk to the loan officer at your bank.
OK borrow 50K, so what is the house selling for and your down payment?
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