☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 8 months ago40-year-old homeowner says economy doesn’t add up: ‘I’m making the most money I’ve ever made, and I’m still living paycheck to paycheck’fortune.comexternal-linkmessage-square49fedilinkarrow-up1121arrow-down10cross-posted to: news@lemmy.worldusa@lemmy.ml
arrow-up1121arrow-down1external-link40-year-old homeowner says economy doesn’t add up: ‘I’m making the most money I’ve ever made, and I’m still living paycheck to paycheck’fortune.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 8 months agomessage-square49fedilinkcross-posted to: news@lemmy.worldusa@lemmy.ml
minus-squareWashedAnus [he/him]@hexbear.netlinkfedilinkEnglisharrow-up46·8 months ago30-something renter (me) says economy doesn’t add up: “I’m making the most money I’ve ever made, and I still can’t qualify to buy a house”
minus-squarebigboopballs [he/him]@hexbear.netlinkfedilinkEnglisharrow-up35·8 months agowhy aren’t I allowed to get a mortgage that is lower than the average monthly rent I have to pay anyway!?
minus-squarepeeonyou [he/him]@hexbear.netlinkfedilinkEnglisharrow-up6·8 months agosame… we may an obscene amount of money for rent but can’t get a mortgage for even 3/4 of that amount
minus-squarejkrtn@lemmy.mllinkfedilinkEnglisharrow-up6·8 months agoMaybe you can get a mortgage with PMI. They have some out there that are reduced money down.
minus-squarecomrade_pibb [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up7·8 months agoiirc less than 20% down is doable with mortgage insurance
30-something renter (me) says economy doesn’t add up: “I’m making the most money I’ve ever made, and I still can’t qualify to buy a house”
why aren’t I allowed to get a mortgage that is lower than the average monthly rent I have to pay anyway!?
same… we may an obscene amount of money for rent but can’t get a mortgage for even 3/4 of that amount
Maybe you can get a mortgage with PMI. They have some out there that are reduced money down.
iirc less than 20% down is doable with mortgage insurance