That question can not be answered without the overall expenses being outlined. When true debt-to-income ratios are calculated, they include all debt known to the lender from credit cards, auto loans, home insurance, home taxes...etc.
IS THERE A GRANT THAT HELP LOW INCOME PEOPLE BUY A HOME
Yes, for the most part, you will have to have some qualifying element.
Try your Sunday Newspaper under " NON-QUALIFING"
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
Basically you have to be an adult and have a steady income and downpayment to where it makes sense to loan you the money.
IS THERE A GRANT THAT HELP LOW INCOME PEOPLE BUY A HOME
Yes, for the most part, you will have to have some qualifying element.
Try your Sunday Newspaper under " NON-QUALIFING"
Under the new lawman eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.First it is a credit on your income tax return and it will be used to offset any federal income tax liability that you may have on your 1040 income tax return.When you do not have any federal income tax liability then the all $6,500 of the tax credit will be refunded to you after you complete and file your 1040 income tax return and the IRS finish the processing of your income tax return.
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
go buy a golden house
you can buy it at dragon cove for 1000000 doubloons
Your education doesn't determine home ownership. Your income is the primary factor.
Basically you have to be an adult and have a steady income and downpayment to where it makes sense to loan you the money.
Buy something for 1,000,000 and then sell it for 2,000,000.
u buy it for 1000000
You can get 1000000 customers wich buys your prouct at the place where their currenncy is pound & your product is accepted by coustomers & willingness of 1000000 customer per day