My husband is a loan officer with a mortgage broker office. He works only on commission. This office started about 18 months ago and no benefits of any kind. Just commission on the closings of each loan. The market in my area is horrible. Houses are not being sold, there are tons of foreclosures, banks got lots stricter with loans so all his pending deals have been falling through in the past three months. We are surviving on my teacher salary alone. What would be a good career move for him? I would want for him to have something stable with a fixed salary, maybe bonuses, but definitely a salary and health benefits. Would going to a temp agency be the way to go? What financial/career counseling do you have to offer? THanks!
I applied for an FHA mortgage loan.. Its is in underwriting right now and should have a yes or no tomorrow… But what are my chances of getting approve
* I make about $ 27000 gross a year
* My credit score is 655
* Never made any late payments
* First time home buyer
* Home is listed at 75,000
* Ive been at my job for 4 years & will be getting another raise in Sept of $ 200.00 on my salary!
*I have a $ 500 car pymt, & a credit card with a balance of 3,800 pymts about $ 100 a month!
my loan officer said everything looks good… but honestly im worried!