Posted on: 22nd May, 2010 05:24 pm
I am currently a temporary employee working at Alcoa.
I will start recieving paychecks from them in September.
I have already checked with some lenders and they told me when I recieve paychecks from Alcoa they will give me a home loan. My debt ratios are good according to a local mortgage company. The only problem is my wife and I have found a home that we believe we cannot pass up. How can I get around this? Is there any lenders that will give a "temp" a home loan?
My dad is thinking about co-signing for me and I have been told this would help. My question is that I don't want to burden him with having his name on my loan. So how do I remove him as quickly as possible once I have purchased a home? I live in Pennsylvania if that helps or matters. Thanks alot, jason.
I will start recieving paychecks from them in September.
I have already checked with some lenders and they told me when I recieve paychecks from Alcoa they will give me a home loan. My debt ratios are good according to a local mortgage company. The only problem is my wife and I have found a home that we believe we cannot pass up. How can I get around this? Is there any lenders that will give a "temp" a home loan?
My dad is thinking about co-signing for me and I have been told this would help. My question is that I don't want to burden him with having his name on my loan. So how do I remove him as quickly as possible once I have purchased a home? I live in Pennsylvania if that helps or matters. Thanks alot, jason.
Welcome simpson,
If your father cosigns for your mortgage, then it will be easier for you to get a loan. The lender will consider his income while giving you the mortgage. Once you have a good income, you can remove him from the mortgage by refinancing it.
If your father cosigns for your mortgage, then it will be easier for you to get a loan. The lender will consider his income while giving you the mortgage. Once you have a good income, you can remove him from the mortgage by refinancing it.