02-14-2011, 11:41 PM
Anyone ever try to get a mortgage under $50,000?
It seems almost impossible... it's like the bank doesn't want you to get a loan you could feasibly pay off in 5 years.
Also, since I'm getting out in 4 months... like 90% of the money I'll be making when I get out isn't counted as "income" by the banks...
Disability, the GI bill stipend, unemployment, and the VA work study don't count as income... even though the 4 of them together could be over 30k a year... plus my reserves income.
Anyone have any thoughts?
It seems almost impossible... it's like the bank doesn't want you to get a loan you could feasibly pay off in 5 years.
Also, since I'm getting out in 4 months... like 90% of the money I'll be making when I get out isn't counted as "income" by the banks...
Disability, the GI bill stipend, unemployment, and the VA work study don't count as income... even though the 4 of them together could be over 30k a year... plus my reserves income.
Anyone have any thoughts?
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