Posted by Paul_NY on April 05, 2000 at 11:52:16:
How about finding a partner that can qualify incomewise, or if credit is an issue, a partner with good credit. 50% of something is better than 100% of nothing.
Most mortgage companies will lend 65% of the appraised value regardless of income or credit. See if the seller will carry the remaining portion.
Hope this helps.
New kid on the block! HELP!!! - Posted by Robert Gary
Posted by Robert Gary on April 05, 2000 at 03:24:05:
Hi guys and gals!
I have read some of the posts and found them very informative. I have found a VA repo and am having trouble with financing because of employment verification. I am doing some independent consulting and a few other things for an income but nothing verifiable. The house has LOTS of potential! I don’t want to miss. What can I do to remedy this problem besides a mortage broker. The house at asking price (48,500) would create a small positive cash flow and when I offer less it will be that much better! All help will be appreciated…Thanks, Bobby