2006-11-27 04:45:55 · 4 answers · asked by littleggirl03 2 in Business & Finance ➔ Renting & Real Estate
Are community accomodation loans safe
2006-11-27 06:00:16 · update #1
The best way to get the loan will be to identify exactly how much you will qualify for at your current level of income.
Here is some additional info. Hope this helps.
2006-11-27 04:50:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
"best" way is hard to define here. I think you need to focus more on "what is the loan for someone on a small budget". Once you know what your budget is, there are numerous mortgage calculators on the Internet that help you determine just how much of a loan you can afford. Once you know that figure, you can begin to look for housing that is inline with that figure.
2006-11-27 12:54:59 · answer #2 · answered by angelinvestor 3 · 0⤊ 0⤋
There are a lot of factors that will determine what kind of loan you can get. I know a lot of people like to throw mortgage calculators at you, but if you don't know what you're punching in, what good is it? Your best bet is to contact a mortgage consultant who crunches numbers in their sleep (like me!), because their services are free until you close a loan with them, and they can tell you additional things like what you can qualify for, at what rate, and how much LTV.
2006-11-27 13:21:10 · answer #3 · answered by togashiyokuni2001 6 · 0⤊ 0⤋
Every situation is differerent and to give you an informed response I would need a little more information. Such as is this a new purchase or a refinance? How small is a small budget? How is your credit? etc....
2006-11-27 12:51:31 · answer #4 · answered by Michel D 2 · 0⤊ 0⤋