Posted on: 23rd Apr, 2013 01:57 am
We have been renting a property for quite sometime now. My wife and I think that we’re actually throwing away money and thus want to buy a property now. The problem is that we have mediocre scores. Also, I am a W-9 employee and my wife is W-2 employee. In such a situation, can we get a mortgage to buy a property?
Apart from the above, you should have a good amount of savings to put up at least 20% of the loan value as down payment.