Income $1465 a month
80/20 loan ($50,000 house or less- down payment of $10,000)
Credit score of 589
2007-06-01 12:00:25 · 4 answers · asked by ♥ Mary ♥ 4 in Business & Finance ➔ Personal Finance
If you have 20% for a down payment and closing costs in the bank usually there is no problem. that again depends on what your other debts are, because your income may not support the payments plus taxes. If you are free of debt you might have a chance with an income that is less than 18K a year
2007-06-01 12:11:39 · answer #1 · answered by Pengy 7 · 0⤊ 0⤋
Your may pay a higher interest rate, but you can probably get a loan.
BTW: an 80/20 loan means you get a primary mortgage for 80% of the home price and a second loan for the other 20%. If you have a down payment, what you are getting is not and 80/20 loan.
2007-06-01 19:24:47 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Who is Mr Cobbs?
Looking at his answer James appears to be offering you a solution. He said.
*Non Collateral loans with a range amount of $5,000USD to $5,000,000USD*
This sounds like his is a good strong business, does it not?
Why is he using a Yahoo e-mail address.
I expected at a minimum a web page.
He is someone you know zero about yet he is asking a lot of very personal financial details.
Through his 12 question loan application.
Never forget that wise old saying.
You get what you pay for.
Same goes when borrowing money.
2007-06-01 19:39:27 · answer #3 · answered by xxx000au 7 · 0⤊ 0⤋
low interest loans from topmost banks get free info here it's help you hope visit
2007-06-02 05:48:30 · answer #4 · answered by Anonymous · 0⤊ 1⤋