How Can I Buy A Property With Zero Down? What Do I Qualify For?
Posted by Scott Stone on Nov 13, 2012 in Articles | Comments Off on How Can I Buy A Property With Zero Down? What Do I Qualify For? Qualifying: To qualify for a loan a lender will use ratios. A lender will allow 29% of your income to go towards a house payment, and you can have approximately 10% of other monthly expenses. If you make for example say, $1,000/month, you could qualify for a $290/month house payment and be allotted $100/month for other expenses (credit cards, cars, etc.). Student loans do not count against you if...read more