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The Watercooler
Goodness Gracious Alive....our Gov't and mortages in 2012...Whine!
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<blockquote data-quote="svengandhi" data-source="post: 557949" data-attributes="member: 3493"><p>I understand your frustration.</p><p></p><p>I earn over $100K per year and have been steadily employed since 1983 with only one 7 week period of unemployment. H is self-employed and usually earns about $35K/year, rarely less sometimes 4 or 5 times as much. We have owned our home for more than 15 years. It has doubled in value and I have equity in it. My current mortgage is about 50% of the purchase price, not the current appraised value.</p><p></p><p>I have been unable to refinance and I have been trying for over 2 years. I can't fathom why I am having such trouble but if I am, I can't imagine how someone like your grandson could get a house. Maybe you should look for a condo instead?</p><p></p><p>Good luck.</p></blockquote><p></p>
[QUOTE="svengandhi, post: 557949, member: 3493"] I understand your frustration. I earn over $100K per year and have been steadily employed since 1983 with only one 7 week period of unemployment. H is self-employed and usually earns about $35K/year, rarely less sometimes 4 or 5 times as much. We have owned our home for more than 15 years. It has doubled in value and I have equity in it. My current mortgage is about 50% of the purchase price, not the current appraised value. I have been unable to refinance and I have been trying for over 2 years. I can't fathom why I am having such trouble but if I am, I can't imagine how someone like your grandson could get a house. Maybe you should look for a condo instead? Good luck. [/QUOTE]
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Goodness Gracious Alive....our Gov't and mortages in 2012...Whine!
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