How much could I afford for a house with this income?
Question by mimi: How much could I afford for a house with this income? I am planning to get a house in corpus christi texas. Between my husband in eye we make 69, dosage pharmacy 888 a year. Do home owners look at income before taxes? And what loan amount could I be qualified? I know I need to talk to a loan agent, but I am just getting opinions. Thanks! Best answer: Answer by godgedIncome is important, but what is more important is your debt to income, how much you owe vs. how much you make. Home owners do not look at anything, your lender does. Add your own answer in the...
Read MoreHow do you get out of a house that you can no longer afford?
Question by Cat: How do you get out of a house that you can no longer afford? Loan written on unimproved land, tadalafil more about so there was a 5, order 000shortage in escrow, so payment almost doubled. We refinanced, but payment still went up a bunch. Market crash, house no longer worth what it was when we moved in, so we are upside down.. electric bill is crazy! Our credit has been destroyed as we struggle to keep our heads above the water. We have already done the Home Affordable Program. This has helped but we are still not making ends meet. Best answer: Answer by Michael PI’m not expert on this, but your best bet is to call an agent that is CDPE (Certified Distressed Property Expert). Basically if you can, Short Sell it is the best option, but a lot of people can’t get the banks to agree on this but a CDPE would be able to help you with this. It would have the least affect on your credit. The next would be a deed in liu foreclosure. Essentially telling the bank, here’s the keys, I’m not gonna trash the place, or have anything drug out in paperwork process I’m just walking away. A bit less of a hit on your credit than a foreclosure. I spoke with this guy: http://www.zillow.com/profile/Kris-Chun/ He was absolutely outstanding in the amount of free time and information he gave me. He’s based out of Napa CA not sure where you are, but he would probably have a website or name of someone in your area you could talk to. Best of luck with all this. What do you think? Answer...
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