Updated over 11 years ago on . Most recent reply
Looking for co-signer.
Hello fellow investors.
I want to ask your advice.
I find home where I want to live. And I know I can pay for this. But can not qualify for credit. What I can offer to potential co signer to make it interesting for him. Any ideas ,thoughts..? Will appreciate a lot. Thanks.
Condo in Pasadena. Close to rose bowl. Shows mortgage at 2155. I currently pay 1525 in rents and just paid my car which was 400 a month. So I definitely can pay for this. But due to last two ears tax reports I can only afford 1500 mortgage. I am self employed professional. So last year was not planing for house and write- off all my deductions.
Looking forward to hear opinions and maybe offers.
Most Popular Reply
It might be helpful if you posted a few of your tips on the thread. For example from my understanding it's important to have the following for conventional financing:
-Continuity of profession
-No declining income
-Two years of tax returns with solid income based on what you are purchasing.
-Seasoned cash reserves in personal accounts as business accounts will require much more due diligence from underwriting.