Financial Jiggery-Pokery
A thought suddenly occurred to me a short while ago. I'm going to essentially be doubling my income when I go back to Target. And twice my income is going to be just inside the range required to get a mortgage, using the numbers I've already established.
I called my father (the go-to guy in my life for financial advice) to ask if if that 2x-3x income requirement extended past signing the initial paperwork for the mortgage.
According to him, it only matters if you can keep making the payments once you sign your life away.
Good news for me. I might yet buy a home, even if I have to work two jobs to do so.
Also, I can use the additional income from working for Target again to kill off my accunulated debt before I apply again for a home loan. That will also help increase my appeal, I hope.
I might actually hold out hope that I can do this now.
I called my father (the go-to guy in my life for financial advice) to ask if if that 2x-3x income requirement extended past signing the initial paperwork for the mortgage.
According to him, it only matters if you can keep making the payments once you sign your life away.
Good news for me. I might yet buy a home, even if I have to work two jobs to do so.
Also, I can use the additional income from working for Target again to kill off my accunulated debt before I apply again for a home loan. That will also help increase my appeal, I hope.
I might actually hold out hope that I can do this now.