Loan=158,900 Downpayment= 83,900 Finance=75,000 / 30yrs

[Administrator]

I'm single. Age 53. Live in eastern NC. Steady job @ 19.00/hr. Take home pay about 1850 /month. Credit Score = 900. One son in 1st year community college living in townhouse. I pay all his living andamp; school expenses. 2nd son is recovering from a near fatal accident but plans to start some college in Fall of 2008 and currently living with me. I pay his private BCBS @ 285.00 /month and pay-as-I-can on any remaining medical expenses. I'm currently renting @ 600.00 / month. No other expenses except 4,000 owed on car and basic living expenses such as utilites, cell phone, car insurance,etc. Getting ready to purchase home near college so both sons can live with me in order to cut their school/ living expenses. Want a fixed rate with payments near 400.00/month. So far this is what I have calculated: Home purchase price=158,900. Down payment=83,900. Will Finance 75,000. (Will have 58,000 left in money market). Closing date on house is set for Aug 1, 2008. Currently bank with BOA who suggested not putting taxes into escrow. Question: What is the best plan for me? What are the best rates and monthly payments I can expect to find and from what lender? Any other advice would be great. Thank you....Sherry (AND I am already pre-qualified through BOA.)


To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.


(Source: mortgagefit.com)