Credit and Debt Problems Forums
We don't make mistakes. We make learning experiences. - pcmech
Home | Pay For Delete | Debt Validation|Credit Repair|Credit Rebuild|Sue Creditors & CAs |623 Dispute Method |Report Spammers & Idiots|Sudoku |CIC Blog |Facebook
Compare Credit Report Services| Settle Debts|Statute of Limitations| Find Creditor Address|FCRA|FDCPA |Sample Letters|Vacating Judgments |Method of Verification
Free Card Search

Good Credit Is Sexy Book

Go Free Credit

Go Back   Credit and Debt Problems Forums > Loans and Banking > Mortgages

Mortgages By Popular Request


Debt to Income Ratio

this thread has 1 replies and has been viewed 220 times
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 05-22-2005, 02:07 PM
wmb wmb is offline
Newbie
Newbie
 
Join Date: May 2005
Posts: 4
wmb Member of the club
Default Debt to Income Ratio

I am wondering if I will ever be able to afford a home. I have used the calculators online to figure out "how much you can afford", etc. We have very little debt in terms of long term- car payment- which will be paid off in about 2 years and student loans(which I feel will never be paid off). all together the total is about $1000. When I do the calculators, it sometimes states, not enough income or we would qualify for a $30,000 mortgage. Can someone give me a more realistic view. I know family members who have had $150,000 houses built -- which is my goal, nothing "fancy" we just want to be homeowners. With about $50,000 gross annual income.

Or will I have to bring in $100,000 a year to qualify?
Please any advice is acceptable. Thanks
Sponsored Links - Opinions and methods expressed by these Sponsors do not necessarily reflect the views of this board.
 

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
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

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
3 fold question regarding OC and Midland ericasf Collections 41 07-29-2003 10:25 AM
What to do now?? lilgirlie289 Credit Repair 5 07-15-2003 05:41 PM
Letter to Midland ericasf Credit Repair 1 06-23-2003 07:21 AM
Procedural Investigation ADSOFT Credit Repair 35 05-23-2003 08:23 AM
VETERAN'S HELP the-big-easy Credit Repair 14 05-08-2003 07:42 PM


All times are GMT -8. The time now is 06:17 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
©Web Nation, Inc. 2001-2006
View Your Credit Score| Online Credit Counseling| Credit and Debt Consolidation|Repair Bad Credit Now