By Admin on Dec 26, 2009 in Renting & Real Estate
Premier V asked:
More specifically:
More specifically:
1. What kind of mortgage should i get?
2. I will probably be using my parents as a co-signor in order to get a better rate, will I still be eligible for the 8k tax credit?
3. If the tax credit is eligible to be used for a down payment, does that eliminate my 2009 tax return altogether?
Recenlty my friend got home loan of 500000$ for 25 years on 1.5% which should be paid annually my friend doesnt have good credit his credit score is below 500 but still he got loan.
I asked him how you got ?
He told me while i was searching on internet for Home loan with Bad credit he found a site which contains about 8 links for bad credit so i checked all of them one by one .
go to
Dixiloan.com
> Home loan
Note each link contain different interest rates and repayment period.
Take Care
Bye!
Angel | Dec 27, 2009 | Reply
If your parents co-sign and already have a mortgage then you will not be elligible for the tax credit.
Professional Peon | Dec 29, 2009 | Reply
Your parents co-signing will not get you a better rate, you only need them if your own credit is bad. but you still get the bad credit rate,
If they co-sign and own property, no you will not qualify for the credit.
SOME states are allowing you to use the credit for part of your down payment. But you have to use FHA and you have to still pay at least 3.5% down yourself.
Landlord | Dec 31, 2009 | Reply