can a medical student who is living of of student loans and has 25000 year salary, get a 200,000 loan with stated income 7 arm 100% mortgage? and what will the rates be? which is the best to go with...
what about the super low 1 year arm 2.5 but goes up?
still have to do residency for 5 years so i will make real money in 6 years, thats why the 7 arm i was looking at...
2007-03-09 01:32:14 · 2 answers · asked by aylcn 2 in Business & Finance ➔ Renting & Real Estate
Medical students Should Not under any condition buy homes. you should rent.
focus on your studies and intern while renting. you are looking to shoot your self in the............. .
you want a mortgage? taxes? utilities? extra transportation costs? upkeep costs? empty house syndrome? all on 25k yr? RENT !!
get 'house buying for dummies' read and understand, rent. you be moving for intern?
what about house price 'corrections' ?
you got 5yr residency for a house you will not see? rent small and cheap save your money and your sanity.
you are opening a gangrenous mess into your studies.
visit daveramsey.com to learn what you aren't taught a school before you mess up your life big times.
2007-03-09 09:19:42 · answer #1 · answered by Anonymous · 0⤊ 1⤋
I'm a loan officer at a bank.
if you'd like, i can look into programs for you, I'm sure its possible, if you'd like email me at jennifer.caluori@aegismtg.com I can take a look into your situation and Pre qualify you.
2007-03-09 11:45:31 · answer #2 · answered by Jenster*is*flipping*you*off 6 · 0⤊ 0⤋