If I work full time hours, but on casual wages, am I eligable for a home loan?
348089
It all depends on where you live.  Since people from all over the world participate, you need to tell us where you live and then someone from your state, province or country can help you out.\n\nYour usage of the term "casual wages" suggests you are in a country other than the USA. I've never heard that term used here before.
407714
Sure you can. Make sure you draft a contract with interest rate and term of the loan. Also make sure you don't cross Usuary - that is the maximum interest you can charge.\n\nIf loan is LARGER then register it with county court clerk so that it stays on the record and incase of default/bank ruptcy you have first right then others.
966289
Ignore the advice that says an employer has to give you something (pay or benefits) if you are full time.  \n\nSome employers may have policies about part-time/full-time when it comes to qualifying for benefits but it isn't because a law mandates it.  There is no 35 hour rule mandated either.\n\nAt some companies it is only if you work consistently more than a certain number of hours that their policy requires you to be reclassified as full time.\n\nSo the correct answer is, it depends on the employer.
61950
Yes, of course.  Just ask your administrater for a witdrawal.  You can also take a loan against your 401k.
1171176
NO - NOT AT ALL - LENDERS WILL LOVE YOU - 500 IS THE LOWEST A LENDER WILL WORK WITH (ON A HOME MORTGAGE) AND THAT IS NOT 100 FINANCING - YOU COULD GET 100 PERCENT FINANCING ON A HOME / AUTO, ETC.  THE HIGHEST i HAVE SEEN IS 805 AND THAT IS AWSOME, THE AVERAGE IS 580 - 720  - THERE ARE NOT MANY OVER 720+  SO  YOU ARE DOING GOOD - LOOKS LIKE YOU PAY YOUR BILLS ON TIME, AND KNOW HOW TO MANAGE YOUR MONEY - CONGRATULATIONS.
908153
Your best bet is to go to a local bank.  Local banks are much more likely to loan on smaller amounts (I know, $50,000 is not a small amount) than other lenders.  If you go local, they are much more likely to want to work with someone who is moving in.
114313
There really is no minimum income, per say, but rather the amount of income needed to prove to the lenders will really be determinant upon how much the house you are looking at costs and how much open debt you have and your monthly payments. Your credit score will also be a very large determining factor and if it is high enough, your minimum income needed will be lower and not so much a factor and in some cases you may not even have to prove your income if you have high enough credit scores and stable work history. \n\nYou need at least a two-year work history, preferably at the same place of employment, but I have closed loans with buyers who have been in the same field but not the same position or company.   On average, your debt to income ratio should be around or under 50%, but that really will be determined by how high yoru credit scores are.  Some lenders want them around 40%, some will let you get away with 55%.  Example:  You pay $2000 in bills every month, in order to maintain a 50% debt to income ratio, then you would need to prove at least $4000 of income with yourself and/or co-borrower, including your new house payment.  But like I said, there are other ways if your credit is established and high enough and there are government programs available.  Hope it helped you out some.  If you have any other questions, edit on this post and I can try and help you out.\n\nIt's more a combination of your credit, work history, and income that will play the determining factors when buying a house.
549740
You can,but how are you going to pay the bills is the problem. Your on a fixed income and credit would be your ruin.
990102
Sure you can, as a foreigner. I can help. If you are working here and not having a SSN, you should have some tax id, do you? I work with a big direct lender/mortgage broker doing business in 48 states, and because the huge volumn of business we do, we get better rate than smaller brokers. We have over 200 loan programs to meet the needs of different situations, from good FICO score and good income and down payment, to poor FICO score and NO income (called "stated income") and NO down payment, so I will be able to find the program which best fits your needs. Contact me at xjuy@yahoo.com or 408-476-0455 and I can help you. Jessica
940371
You should be able to technically do this as long as the new home equity loan + the 1st mortgage are not more than 85% of the home's total value.  This is generally the cap.\n\nSo if you have a home that's worth $200,000: 85% of that is 170,000.  As long as the new home equity loan and the mortgage balance added together are less than that amount, you should be OK.
899623
yes there is a way, some banks allow you to do what they call "stated income, stated assets" that is a program that allows the borrower to state their income to whatever (within reason) to make them qualify for the loan. The down side is the intrest rate is a little higher than normal usually about .50 of a %. with that kind of down payment I could get him into a home fairly easy, and depending on his credit score he may not have to put all of his money down. email me if you are intrested, i can give you more advise or even help you out with it.
905169
Yes, and it can vary dramatically.  Two main factors are at work here:  interest rates, and the specific requirements of the loan programs available from the different banks.  \n\nThe lower the rate, the more you can qualify for.  \n\nSome banks may not let you spend more than 45% of your gross monthly income for all debts.  Some may go as high as 55%, or even higher.
282309
Some companies will provide "comp time" if you work extra hours in advance.  Other that that, you would have to negotiate for more time.
431671
Basically your bank will loan you money based on the value of your property. There are loan ratios so lets say they have a 10% ratio (I think thats normal although others demand more or less depending on the area). That would mean you can borrow up to 90% of the value of the house. If the house is 100K you could borrow 90K. Now if you only owe 50K because you bought it a a few years back and it has gone up in value then your bank will lend you up to the 90K (or an extra 40K) for you to do whatever you want with. Its a cheap way to finance debt for purchasing things like cars, holidays, extensions...than using a credit card or personal loan BUT it means you are putting those things under your home loan and if you dont or cant pay then they reposses your home. You would start by going to your bank and having the home valued by a professional they recognise to see how much you could borrow. A good bank will pay for this service for you as long as you take out a loan with them. You generally set up a new loan (which means a new fee) and then your back to normal. Your home loan repayments will go up but they should be able to calculate these for you so you know what to expect. Remember interest rates are on the rise so factor that in. Happy spending.
865552
you likely have a bunch of equity in your home.  The value of your house has likely risen plus you have been paying into your mortgage.\n\nTalk to the financial institution that provides your mortgage, you'll likely qualify for a very large loan.
647642
Only if you are paid an hourly rate.  If you work commission or salary then no.
478396
Yes you can move, absolutely.  Your lender will NEVER come and knock on your door to make sure you are still living there. You can even have your loan statements sent to an "alternate address." If you want to be completely sure and honest, ask your lender, they won't change the conditions of your loan just because you ask questions.