Any Mortgage people??

[PaulM]

Well, long story short, my Wife and I are parting ways. I would like to try and keep my home being I built it, but I am not sure the bank would loan me the money needed. I can make it barely on my income so it would be possible. Anyone work for a mortgage company who could look into it and crunch some numbers? If so, please PM me. We do have positive equity in it so I can sell worst case scenario. If it doesnt work look for a big for sale thread soon. Figures that the tankis actually doing well.....

 

[toad2169]

hey paul, my wife and i just divorced also and i kept the house to, just barely making it on my own. she wasn't on the mortgage just the deed so all i need to do it have a new deed done to take her off then i can try and shoot for a refinance and not have to worry about it.

 

[JRWOHLER]

Sorry to hear it. Worked in lending so just some rough numbers your mortgage should be 25% roughly of your income, total debt 35-37% with about max of 40%.

 

[harlequinreef]

Figures I havent logged in a year or so and this is the first thread I see. Very sorry to hear about this Paul....Stay positive

-Austin

 

[Hawkeye]

Paul...sorry to read this...good luck.

 

[PaulM]

Thanks for the well wishes everyone. Not looking like i will be able to refinance on just my salary. Luckily I have equity in my home. Just sucks to sell all my hard work. We are not rushing into anything so I guess we will see what happens. We just both have not been happy. At first it was mutual but she is having second thoughts now.

 

[The_Codfather]

Paul.. Marriage can be hard work sometimes.. take it from someone who has been married for 20 years.. I hope it works out for you either way.. BTW.. If it don't work out could you get a room mate?