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The Watercooler
Goodness Gracious Alive....our Gov't and mortages in 2012...Whine!
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<blockquote data-quote="klmno" data-source="post: 557509" data-attributes="member: 3699"><p>Have you seen the lawsuits lately about big mortgage cos/banks that got people into houses, knowing they couldn't feasibly afford it, about 8-10 years ago? This is why they are requiring all this now. It might be that his girlfriend needs to be on the mortgage with him. I know you want to get him in his own house but I can see a little reluctance on the side of the lenders.</p><p></p><p>Why not just slow down a little? Work with lenders to see what will help them feel more confident; pick a few houses out that are within budget and let your grandson make some choices about what he buys, too. This will be a place he has to be in a long time and maybe even the rest of his life. </p><p></p><p>Just my 2 cents. But I feel for your frustration- buying a house is always stressful but there are added "features" to this situation!</p><p></p><p>ETA: Have you considered your and your husband's name being on the mortgage?</p></blockquote><p></p>
[QUOTE="klmno, post: 557509, member: 3699"] Have you seen the lawsuits lately about big mortgage cos/banks that got people into houses, knowing they couldn't feasibly afford it, about 8-10 years ago? This is why they are requiring all this now. It might be that his girlfriend needs to be on the mortgage with him. I know you want to get him in his own house but I can see a little reluctance on the side of the lenders. Why not just slow down a little? Work with lenders to see what will help them feel more confident; pick a few houses out that are within budget and let your grandson make some choices about what he buys, too. This will be a place he has to be in a long time and maybe even the rest of his life. Just my 2 cents. But I feel for your frustration- buying a house is always stressful but there are added "features" to this situation! ETA: Have you considered your and your husband's name being on the mortgage? [/QUOTE]
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Goodness Gracious Alive....our Gov't and mortages in 2012...Whine!
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