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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 22 Mar 2005 23:11:29 GMT
/ Author of the message: "Tyrone" |
Title of the message: |
Re: Mortgage Loan Amounts
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Text of the message: |
<jeremy_upright@bcbstx.com> wrote in message news:1111516797.070054.203710@g14g2000cwa.googlegroups.com... > I am currently shopping for mortgage loan amounts. My current salary > is $40k/yr (gross $3333.33/month) and my only debts are vehicle > payments ($550.13 and $242.06 = $792.19). My problem is that lenders > are only wanting to loan around $75k. In my area, this will barely buy > a shoebox. I am not looking to finance $500k by any means, but I could > get a nice place for around $110-$120k. I have been looking at > different options such as FHA, Fannie Mae, RHS, and others, and have > just recently been researching an 80%/20% loan (although the 20% will > be a second mortgage). > > It is hard for me to believe that I only have 2 debts and a decent > salary, and I can only afford a $75k home. I look around me and I see > people driving expensive vehicles (and most of these people have at |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.