Call your states Housing authority for help loans or if they are in a variable rate checkout the FHASecure loan. Its very difficult to find an FHA Secure lender so contact FHA directly www.hud.gov.
Another option would be to try to get a modification from the existing lending. With all the foreclosures banks are working out deals much more often then before. Ie reducing the rate, skipping some payment to catch up.
I would checkout all three options. The work out with your lender is usually the best.
Mortgage Loan Officer in PA
our income for the year is around 110,000 can we afford a 160,000 home loan
Used home has a higher rate of sales because now days the economy is down and people are less likely to afford for a new home.
The usual strategy when you can no longer afford your home is to seek less expensive housing. An alternative strategy would be to rent part of your home out to someone else, in order to increase your income so that you will be able to afford your home. Maybe your home can be more intensively utilized.
I'm trying to get my home owners insurance lowered. How much outside lighting will I have to get to have my rates lowered?
Well, if you can't afford to buy food, how are you going to afford to pay for a home loan?
Anyone who can afford a home can afford a telephone for their home. Even though it is possible to run up a very high phone bill, it is also possible to refrain from making expensive phone calls, and to easily afford having a phone.
The best options to finance new home purchases are bank loans. It's also a good idea to sell one of your existing homes to get be able to afford a down payment on your new home purchase.
The amount of home you can afford is based on your monthly or annual income. For example if you have a down payment of $10000.00 and a gross monthly income of $4000.00, your maximum home price should be $40000.00.
he was home school cause he couldn't afford school
To pay bills, afford a home, eat.
For a person making $120,000 per year they can afford a $450,000 to $500,000 home.
Which ever type you prefer and can afford