Pre Approval For Buying A House
by Roger from Texarkana, TX US
Regarding Pre Approval For Buying A House: I am looking into buying a house. I'm a 48 year male on disability. I receive $1850 monthly from SSI. My wife works and earns about $9000 a year. My income does not count as taxable income on our tax returns. And our credit score in just under 600. We have two small children and have never owned a home.
Would we qualify for buying a house using a first time buyer tax credit? If not, is there any other way for us to buy a house?
Kate Answers: Pre Approval For Buying A House
Hi Roger, Although I cannot tell you specifically if you can qualify for a mortgage or tax credits, I would encourage you to seek mortgage pre approval for buying a house
from a qualified lender.Mortgage pre approval
paves the way to home ownership. A qualified lender can also help you sort through credit issues.
It is also important to determine how much mortgage you can afford. Please read Affording A Mortgage
and discover why the answer may surprise you.
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