Quote:
Originally Posted by will76
jesus christ dude when will you ever learn. What you are asking for here (if you are even remotely serious) is just going to lead to several more problems for you.
Your DTI ratio is too high, you don't have 10% to put down on a house muchless 20% (<- which is how much you should have). then you simply can't afford to buy a house right now. Go sign a year lease and rent. save yourself headaches.
The reason you are having problems is because 1. you can't afford to do what you are trying to do, 2. you never plan this shit out ahead and instead you jump into stuff with out any guidence from other people. You postings here are like someone who just got hit by a train cross the railroad tracts and you asking us what you should do now. If you would have posted sooner, people could have advised you to not try to cross railroad tracks while the arm was down, lights flashing and the train was coming.
People that wonder "why does nothing ever go smooth for me" need to really sit down and figure out why... the answer is because of the way they handle things not because they just have incredibly bad luck. Bad luck might happen once, maybe twice but beyond that it isn't luck, its a pattarn and there is a problem that needs to be fixed.
|
argh, your right... and I dont like being wrong
Honestly, the problem is Ive already put so much time, money and effort into trying to save this deal with the house, this was a last ditch effort to save face. I get what your saying, but its hard changing your own mind especially when you have your heart set on something.
My DTI is to high because of the 1099 income and writing off expenses. Using my current W2 it is extremely low, but they will not count that since I didn't start earning as W2 until mid way through.
In all honestly, if I would of known this from the start, I would of not even begun this process. I would of waited until next year so I have one solid year of W2 income, not just a few months.
If I wouldnt of had to spend all this money between selling a car, paying off debts (cards at 0% interest), etc., to lower my DTI even more I would of easily had 10% to put down, but thanks to the guidance of this broker, I believed what she had said and now I am out thousands which I wouldn't of had to be.
Lesson learned, maybe its time to cut my losses and stop the bleeding.
Truthfully tho, even if someone was to lend me $240k repaying them a mere $12k return would be cheaper than the interest on a mortgage for the first year.
Anyway...