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/biz/ - Business & Finance

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56083008 No.56083008 [Reply] [Original]

Offer was accepted, new mortgage will be 62% of take home pay. Already paid $7500 non refundable due dilligence if I terminate the purchase. How fucked am I??

>> No.56083022

>>56083008
How the hell did you get a loan at 62% debt to income? You shouldn’t be past 36%

>> No.56083026

the greedy kikes took advantage of my ignorance

>> No.56083038

>>56083008
are you saying you waived the inspection contingency on the PSA?

>> No.56083044

>>56083038
the contingency still allows the seller to keep the 7500 if i pull out. one of the only few states that does this whole due dilligence bullshit.

>> No.56083051

>>56083008
Pick up more hours boy, better watch flushing the toilets top, bring your charger to work and charge laptop/phone there, limit desktop pc use. You can refinance when rates go down

>> No.56083071

>>56083044
if you lose the earnest money upon termination regardless of when you terminate, that's not really a contingency.

>> No.56083322

>>56083026
You don't get to blame kikes when you are the dipshit faggot retard who didn't think and ruined his life. You make it harder for everyone by being such a nigger faggot kike loving dickhead. I'm glad you got raped trying to pretend you are rich.

>> No.56083370

>>56083322
this generation buying houses and pretending everyting is goign to be ok deserves whats coming. god I hope suicide rates shoot up once these retards get fucked

>> No.56083373

>>56083022
Well, he said 62% of take home pay. So that could be closer to 50% of pre-tax income. And I just got qualified for a $4500/month mortgage on a 50% debt-to-income ratio - welcome to the new high interest rate economy.

>> No.56083513

>>56083008
just don't pay and squat on the property until the bank kicks you out. this process takes years, just ask any proud HomeOw from back in 2009

>> No.56084021

>>56083373
You can only get those ratios if you have a sizeable down payment and flawless credit.

>> No.56084148
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56084148

>>56083008
>he fell for it
you learn from your mistakes
after all, I'm still doomed to play duck race until I finish recovering all my shit from last year