Consumption and Real Estate
How can get home loan if I have low income, but can pay down good payment?
Question : How can get home loan if I have low income, but can pay down good payment?
I was wondering, as everyone says it is hard to get loan these days, if could be able to get loan. I have very low self employed income for past years. If I was going to buy house for 200K and had income about 700 dollars a month. Would bank give me loan if I put 60K down payment? My grandfather just passed and I inherited the money.
Thank you
low income home loans
Best answer:
Answer by Age of Reason
No because you cannot repay the mortgage of 140k plus property tax and house insurance. Find a cheaper house
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