Re: Need financial advice
there are no doc loans available,
maybe with higher interest rates and a bigger down.. but defo u can buy a house,.. make sure they dont slap u with a variable interest or interest paid only for the first 7 yrs kind of a bad deal loan.. negotiate a lot.. when the interest rate is offered.. tell them others are offering u less .. do a lil reaserch at http://www.bankrate.com/ they update interest rates daily so u can be more confident abt the current market rates..
the mortgage companies do their trick a day before ur closing.. if u can let the first house (that u want to close) go… cose they will jackup the interest rate or ask for other types of payment right before closing… just a personal exp and heard from friends..
ask for a ‘good faith estimate’ from the loan officer just so they can’t add other fees later on..
its really nasty for the first home buyers, but u can definately get a loan.. with no documents/ income.. just be prepared to give a little larger downpayment.. or higher rate..
goodluck