padgeta2

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Viewing 2 posts - 16 through 17 (of 17 total)
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  • in reply to: Payment Shock #67115
    padgeta2
    Participant

    It does make sense, but I’m concerned it will now take me six months to qualify. My Payment shock will be $1200. I don’t currently have a rent payment. I have saved up 6 months worth of payment shock, but it wasn’t $1200 each month. Even though I have $7200 saved up, I’m worried they will make me start all over again and it will be six months before I can qualify. I understand having to keep up the savings between now and closing, I just don’t want it to mean I can’t even qualify for six months 🙁 That’s so disheartening!!!

    in reply to: Payment Shock #67112
    padgeta2
    Participant

    So, even though I have $6000 saved, if I didn’t save up $1,000 over six months, that won’t be sufficient?

Viewing 2 posts - 16 through 17 (of 17 total)