Posts Tagged ‘buy home no income’
Who Says You Can’t Buy a Home!
July 6th, 2009
When a homeowner is upside down on his or her current mortgage, buying another home is far from what would be on his/her mind. But, it should not be. After all, most people who are upside down end up selling their current homes and move into smaller homes. So, while you are trying to find a solution of how to get out of your mortgage that you currently hold, you might want to also think about what you are going to do after you have sold or got rid of that mortgage that is causing you a headache.
Since the home value has dropped and the mortgage balance has not, people can easily find themselves having to downsize. Selling the home that they are upside down on is a natural solution. But with the real estate market the way it is, it might be hard to sell for what you are hoping for. You can either cough up the difference or let the bank foreclose and take the home. But that will destroy your credit and most people think that it means they cannot get into another home. This is not always the case. This book called "Who Says You Can't Buy a Home!: How to Put Credit Problems, Down Payment Challenges, and Income Issues Behind You -- And Get a Mortgage Now" can show you many ways of how you can buy a home even when your credit has been shot because you were upside down and then foreclosed on.
Review of Who Says You Can't Buy a Home!
This mortgage-broker author is on the side of home buyers and real estate agents as he explains how mortgage lenders look at borrowers in this `tell all' book. -- Robert Bruss, Syndicated Real Estate Columnist
“... uses layman’s terms in a easy, informative way…. realistic, and even uses humor to help the reader on his way."
-Newsday
“If you are a home buyer, homeowner, or residential real estate sales agent, there should be a law requiring you to read David Reed’s new mortgage insider secrets book Who Says You Can’t Buy a Home….On my scale of one to 10, this superb new book rates an off-the-chart 12.”
---Robert Bruss, nationally syndicated real estate columnist
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Posted in Behind On Mortgage, Foreclosure, General Mortgage, Help with mortgage, Mortgage Problems, Understanding Mortgages | 
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