Archive for the ‘banking’ tag
Home Mortgage Payments
Do home mortgage lenders take into annuity payments?
I receive monthly checks for 2,634 each month that I will have for the rest of my life. I also have my job, I work on, but it is only part time, plus my betrothed income. Then lenders will want documentation or they will consider it? My employment is not even close to two years. Will they allow for six months?
You can use your annuity payments to qualify. Everything You Need is to prove that the payments will go on for at least 5 more years, you should be fine with that part. If you've had your part time job for two years should be fine and yes you can use your fiancée income if she has good credit and have been on his job for at least two years. FHA is the most forgiving when it comes to employment