I’m going for a decent mortgage Eligibile?

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Hello and thank you for your help, I’m 23, currently in first year of teaching in the cost of TB in school my first job. I am a teacher and about $ 11,000 in Studentendarlehen.Ich interested in buying a small house this summer. I hope to buy somewhere under $ 200k.Ich have great credit. Never a late payment in my life. Any additional costs for a house in my name for over 2 years. No debt other than student loans. I only have one credit card, however, and I rarely use and never for more than $ 100 I get in full at the end of each Monats.Kann me a decent mortgage for that amount? As a first time home buyers? I’m going to pay bail of about $ 20,000, I believe. I can also, it should be necessary, a member of my family with great credit history to co-sign the Darlehens.Was should I do? Tips? Is this feasible? Thank you, I want someone who knows a lot about buying a house cat. Please feel free to email me, I also wanted to add, and I do not know if that makes a difference that is not a bank or that I’m planning, room for two people which add a significant amount of my income every month mieten.Sorry I do $ 47,855 this year and $ 51,500 next year.

6 Comments
  1. Reply
    Jack
    February 20, 2011 at 12:50 pm

    You don’t provide enough financial information for someone on this board to give you a decent answer.

  2. Reply
    Pojo
    February 20, 2011 at 1:18 pm

    You should have NO problem depending on your income. DO NOT mention the rental aspect to the lender.

    Watch out with whom you talk to that responds to the “email” me you will get scum contacting you.

    Go to a local Lender and talk with them not someone from here.

  3. Reply
    ydtnkydknw
    February 20, 2011 at 2:11 pm

    Nice rental idea but several issues. If you put down $ 20k on a $ 200k place, you’ll need PMI (personal mortgage insurance). Then the rentals will require a significant and costly insurance policy to cover both them and you. I’d seriously re-think this plan. Yo’re going to have to provide ironclad proof that you have the cash flow to service the mortgage debt, taxes and other expenses with current lending pressures.

  4. Reply
    Judy
    February 20, 2011 at 3:02 pm

    From all that you say, you should be able to get a mortgage without too much trouble. it would be a good idea to talk to someone at your bank about getting prequalified – they’ll look at your situation and give you a pretty good idea of how much of a mortgage you can get.

    Good luck.

  5. Reply
    godged
    February 20, 2011 at 3:39 pm

    Please, don’t go to those that will inevitably contact you offering to “help you get a mortgage” or that will post in here that if you email them, they will get you the best deal. It is also wise to avoid internet lenders.

    You are in a great position to buy. Talk to some local lenders in your area to get an idea of how much you can afford. Compare much more than interest rate.

    Good luck!

  6. Reply
    sideline2084
    February 20, 2011 at 4:23 pm

    Check out http://www.mortgagefigure.com lots of information about mortgages, refiniancing, consolidation, bad credit mortgages and more.

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