Reged: 06/20/04
Posts: 428
Loc: Western Washington
Hey all~ I'm thinking of looking for a home in the next couple of months, and I'm doing my research ...
I'm worried about being able to qualify for a high enough loan, because from what I've read, lenders will only let you spend about 28% of your monthly income on a mortgage. So I'll only qualify for like 30K for a home, and that isn't enough around here ... is there any way around this? Has anyone else ever come across this situation? I'm good at saving my money and could make a house payment easily, but I'm afraid no one will lend money to me ...
Any suggestions? Thanks everyone for taking the time to read this!