Posted on: 29th Mar, 2010 07:14 pm
We bought a home on land contract and have never missed a payment. The terms of the contract called for us to get a traditional mortgage after 2 years. The two years are up, and we cannot qualify for a traditional mortgage for the full amount becuase I was laid off. What are our options? Do we qualify for any government programs to help us get a mortgage?
Hi Guest!
Welcome to forums!
As you are laid off, it would be quite impossible for you to qualify for a loan. You can speak to the seller and check out if he can revise the contract deed and give you some more time to get a traditional mortgage.
Sussane
Welcome to forums!
As you are laid off, it would be quite impossible for you to qualify for a loan. You can speak to the seller and check out if he can revise the contract deed and give you some more time to get a traditional mortgage.
Sussane