we are looking into buying a house with 40 acers and 4 chicken houses on the land it will bring in 24.000.00 a month ...I have a job that pays eight dollars an hour and my husband is laid off ... If we got that property it would be plenty enought that i wouldnt have to work ....how do we get the loan and where
2007-09-24 11:46:52 · 6 answers · asked by Teena 2 in Business & Finance ➔ Renting & Real Estate
tell the husband to get a job
2007-09-24 11:54:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hello,
My name is Melissa and I am going through tough time. I read an article in regards to how This GOD fearing and faithful man (Anold Marvis) helped people who are down on their luck. I take care of my diabled mother and 2 of my sisters kids that she gave up to be with another man. I have worked day after day to just make the income needed to get the bare neccessities, but I fell ill last month and was not able to work and now have to retrain to find another job because of my illness I am no longer able to perform the duties needed in order to keep my other job so I had to resting my position. I am now stuggling and between myself and what little income that my mother gets from the state is not enough to keep our heads above water. We even go times without eating and on the verge of losing our place of stay. I was told he can help and i applied for a loan of $50,000 USD which i am most elated today that it was given to me with duration of 3 years. I am most grateful for his help that i and my family promise to tell the world of his Goodness. He can also help you if you are faithful by showing to him your ability to pay back the loan at the due time. His firm email account is arnoldlnaffairs9@yaho.com
2007-09-25 12:22:14 · answer #2 · answered by melissa 1 · 0⤊ 0⤋
I would hate to say it but the only surefire way for you to do this is with the seller financing this on a lease to own basis. It sounds as if you are trying to purchase this property with no assets and essentially no income, which is going to remove you from any traditional lending source and leave you to rely on a private loan. If you would like to contact me with further details I would gladly take a closer look at this for you, but given what info you have here, your best bet is arranging something with the seller.
2007-09-24 19:42:39 · answer #3 · answered by iggy_68 2 · 0⤊ 0⤋
I'm not sure you can-people aren't going to loan money to risks, which technically you are if you monetarily are not worth their risk.
Your husband needs to get a job, probably.
How will the land bring in $24k a month?
2007-09-24 18:51:29 · answer #4 · answered by Sunny And '74 4 · 0⤊ 0⤋
You income is less that 14K a year and are looking to buy a farm? Sorry you do not have the income to even thing about doing this, or getting the loan
2007-09-24 19:53:43 · answer #5 · answered by Pengy 7 · 0⤊ 0⤋
Depends on your income and other outstanding debt, stated income loans have dwindled, FICO is not all they look at, must meet minimum debt service ratios.
I found interesting information about your answer & the best options here.
http://all-mortgage-calculators.blogspot.com/2007/07/mortgage-loans.html
Good luck!
2007-09-25 13:45:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋