Canadian investers only. Unless Us. interested
2007-02-28 03:26:01 · 5 answers · asked by part time 3 in Business & Finance ➔ Personal Finance
Been working 9 years same job Manager. Help make dream come true.
2007-02-28 04:07:26 · update #1
been paying rent over twenty years. Never missed payment. Up to 700 a month
2007-02-28 05:29:21 · update #2
Need about 125k
2007-02-28 06:04:09 · update #3
thanks to all but I guess I quit and go on welfare. I give up.
2007-03-06 22:52:16 · update #4
You doesn't have to go to private lender, since private lender is for someone that is high risk and no public lenders can approve for a loan. Also, private lender is no different to other public lenders, if risk are extremely high, they still won't lend you the money. To approve for a mortgage, there are certain requirements must match.
1) You make $15/hour, is it guaranteed full time?
2) Is your credit good? or excellent?
3) Any current loan, like car loan, student loan, line of credit?
Rough calculation your target is around 100k-125k house/condo.
I am a registered mortgage broker in Ontario. If you want to discuss more, feel free to call me at 613.8644421 or email to my yahoo email.
2007-03-05 14:10:36 · answer #1 · answered by davidkwankwokfai 3 · 0⤊ 0⤋
I'm a mortgage broker from edmonton, alberta. It sounds like you have a strong work history. If your credit history is as good, you could qualify for a 100% finance mortgage. For that you would need a beacon score of 680 (credit rating). Then you could get a great rate. If your credit is not so good you may still be able to qualify for 100% financing but with the secondary lenders. Higher interest rate, but they will accept more credit issues. I deal a lot with private lenders & I can tell you from personal experience they are all equity lenders and charge a big rate, plus lender & brokerage fees. So you have two options, I'm not trying to solicit business but you can contact me at my website http://albertamortgage.com and I can give you more information. I won't do financing outside of Alberta
2007-03-06 00:32:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It sounds like you should make your dreams come true go for it and all the best to you
2007-02-28 14:06:34 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋
You could qualify for a very very cheap house only. Maybe a 50k house.
2007-02-28 11:30:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋
go for it good luck,..save more is best,.money is never enough,.
2007-02-28 13:01:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋