Can I get a mortgage, which can also run all my other loans in him? If yes, where? How?

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Hello alle.Ich’m 30 and I’ll buy a house of my own job Suche.Mein is not perfect. I make $ 300 per week. I saved a little over 1000 (if necessary I can borrow any more necessary for the down payment or closing … my credit card is just below average. I had problems there 2 years ago, but are doing well in the last 2 years (no bankruptcy or failure, any disorder fall to rot my credit card be due to late payments) I’m not looking for any complicated matter. Maybe a foreclosure or a fixer upper is that I have a problem irgendwo.Mein last summer new car purchased., I left a personal loan. about $ 14,000 for the car and $ 7,000 Kredit.Ich to know it’s a long shot, and I’m not sure that’s possible then I’ll ask here. Can I get a mortgage anywhere, there was a place with the equipment my debt to others in the mortgage? say that I found a house valued at 50k to 20k sold? someone would not give me a mortgage for 42k under such circumstances? I are looking something more than 60k. at best and in my region there are dozens of houses ranges from 10-20k. all their value, and so I’m still looking, but that’s another matter in hand. If I do not can see a house I can not find a home. The first step is to make sure that if I find a house, I’ll be able to get home so I suchen.Doing not lose time or money, even at 7% interest computer (very high, I know) with a 50k mortgage, my payments be almost half what I pay now, and not even consider my current rent! It’s something I need, more than anyone can imagine. So there is a way or a place or a person or company who work with me Thank you all and all answers:) .

  1. Reply
    May 17, 2011 at 7:45 am

    not happening as all mortgages are based only on the purchase price. You must meet the debt to income limits as well as credit and employment checks as well

  2. Reply
    May 17, 2011 at 8:10 am

    No, you cannot do this your way.

    The only way this could happen is if you bought, then either refinanced to take out the equity, or obtained a HELOC.

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