I have to buy a house, are the exact mortgadge caculators?
I want to buy a house for 359,000, the mortgage calculator says my payment will be around 1780 per month for a loan 50 years with 0 down and 7 percent interest rate, this is accurate. Or is it even possible. I am a first time home buyer and I'm not very familiar with it. My credit isn't the best but its decent. I make around 33,000 a year. Please let me know if this can happen. I would like Some tips before you get serious and get a real estate agent and get to know i can not pay anything.
It is not possible! 50 years, zero down, a 7% with damaged credit? Even last year when we were going to give money as chicklets. Save your money for a down payment and repair your credit. Plain and simple. no believe that anything else … you are not ready to have a house yet. Ohh, and also $ 33,000 a year may not qualify for (or pay even if a creative you could qualify) a payment of $ 1,780. The industry needs a bit of tough love these days.
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