Our d/c date was 2/14/07. In 11/07 I was diagnosed w/ stage 3 cancer. I've been told I have a 20% chance of the tumor coming back--which doesn't end my life, but would mean more chemo & surgery.
That being said, we've been renting since 2005 and it's getting old. We moved into another new rental 3/07 & I cannot believe it's been a year already & now w/ the current market we've found a house that we actually wanted last year, there's 1 left (it's $20K less at $249), and so we'll find out this coming week what our financing options are. I realize that we might not get approved (OH WELL!) because I agree that waiting 24 mos. out from bk as well as the market, we'd be in better hands. But we couldn't resist in checking this out. Are we crazy to think that we'd be approved 100% financing only 14 mos. from a ch7?
Also, due to my diagnosis I was immediately offered disability. My chemo is aggressive (6 mos worth) and I hope to not have long term effects like neuropathy (numbness in hands & feet). I could never be working right now as I am constantly at the cancer center. I have no idea when I'll be deemed healthy enough to work. It could be 6 mos. or 2 yrs. In any case, 1 of our cars will be paid off in 2/09 and the other 10/10. That will free up almost $800 (which hopefully won't go towards repairs! ha!) My disability pymt is $1217/mo.
Will lenders take my disability pymt into consideration? Or do I have to be collecting for 2 yrs (not my plan) in order for them to include it as income so we'll qualify easier for a home?
Thanks to all who have taken the time to read this. Go easy on me as life is tough enough right now!
thanks!
That being said, we've been renting since 2005 and it's getting old. We moved into another new rental 3/07 & I cannot believe it's been a year already & now w/ the current market we've found a house that we actually wanted last year, there's 1 left (it's $20K less at $249), and so we'll find out this coming week what our financing options are. I realize that we might not get approved (OH WELL!) because I agree that waiting 24 mos. out from bk as well as the market, we'd be in better hands. But we couldn't resist in checking this out. Are we crazy to think that we'd be approved 100% financing only 14 mos. from a ch7?
Also, due to my diagnosis I was immediately offered disability. My chemo is aggressive (6 mos worth) and I hope to not have long term effects like neuropathy (numbness in hands & feet). I could never be working right now as I am constantly at the cancer center. I have no idea when I'll be deemed healthy enough to work. It could be 6 mos. or 2 yrs. In any case, 1 of our cars will be paid off in 2/09 and the other 10/10. That will free up almost $800 (which hopefully won't go towards repairs! ha!) My disability pymt is $1217/mo.
Will lenders take my disability pymt into consideration? Or do I have to be collecting for 2 yrs (not my plan) in order for them to include it as income so we'll qualify easier for a home?
Thanks to all who have taken the time to read this. Go easy on me as life is tough enough right now!
thanks!
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