In the mortgage industry we are concerned with your debt to income ratio. …So, if you don’t have alot of monthly debt you can buy a house without making alot of money.
Example: I recently closed a loan for a person that made $10.25 an hour – and she bought a $95,000 house.
She didn’t have much monthly debt, and the taxes were low on the house.
…but, this is a good example of how you can buy a nice home and not have to have a high wage or salary to buy it.
If you didn’t think you made enough money to buy a house – give me a call or shoot me an email.
…you never know. You just might be able to buy right now.
That’s it for today!
Have a good day today! …and thanks for reading.