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Originally Posted by Tillys_mom  You are so right!!! That is what happened to my in-laws. They built a home and did an interest only loan and they keep refinancing. They are so stressed about the house that they hate it. They can't afford it! I refuse to do interest only. They had no problem doing a zero down loan for us, because that's what we would need. It's just the student loans that are giving us problems. It's a shame the way it's working now. |
Just hang ten and rent a few months into his gettin that better job. It changes your financial outlook and you will get your 0 down.
Right now you have that big loan and his smaller income so it looks iffy.
Those interest only loans were a disgusting thing for the banks to make. They literally in my opinion took advantage of the naive buyers that just want to own something for their hard work.