Loan Modification - Free Foreclosure Help - Help Stop Foreclosure » Help Stop Foreclosure - Loss Mitigation Help » Help Stop Foreclosure » How likely is he to get a $60,000 mortgage?

Help Stop Foreclosure Chat about everything Mortgage related. our staff are ready to answer any Mortgage questions you may have. All advice is free.

Short Sale    Loan Modification    Loss Mitigation Training    Short Sales Training
Reply
  #1 (permalink)  
Old 05-10-2011, 02:16 PM
Junior Member
 
Join Date: May 2011
Posts: 1
Default How likely is he to get a $60,000 mortgage?

Hey there my boyfriend is trying to buy this house from his grandpa for $60,000. He earns $14/hr so that's about $27,000/yr, we have an auto loan we co-signed for about $23,000. He has about $1800 credit card debt and only has less than $1000 in the bank. His credit score is probably around 650 but he has a good credit line, just not a lot of money...How likely are we to get approved if I co-sign? I earn 18.50/hr so that's $32,000/yr... My credit score is 806 but not a long credit line cause my first auto loan is the one I co-signed with my bf from 3 months ago. I have about $1200 in credit card debt and have $3000 in the bank. Would that help out at all?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 08:04 AM.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. Free Foreclosure Help