Yes, but it is very hard. A good first start is to find private investors who will co-sign your mortgage because they believe your investment property may become profitable. I did this just a year ago. Also look at properties that are being advertised as rent to own. The owners of these properties are often willing to work with you as long as you can prove your ability to come up with money despite your unemployment such as flipping the rent to own contract for an easy profit. Rent to own properties are a great option for people with bad credit as well. In real estate, deals can be made despite available funds and credit as long as they buyer does her/his research and knows where to look!
No, because you don't have money to pay the mortgage.
A person is liable for a hospital bill that is incurred while unemployed. Once the bill is issued, you can apply for charity care to offset the costs.
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Co-signing a note means you will be legally liable if that person can not pay.
The best type of mortgage will depend on the circumstances of the individual. Some will do better with a fixed rate while an adjustable rate will be better for others. A discussion with a mortgage broker or other mortgage professional will determine one's options.
There are many places a person can look to find information about mortgage leads while looking to buy a house. The site mortgageleads is an excellent place for someone to look. Also, checking the newspaper a person can find mortgage brokers and call them for information.
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Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
If you have enough money and your at least a senior, then you sure can.
Yes, but it's often expensive.
It depends on the policies of the landlord or property management company. Some may allow felons to cosign, while others may have restrictions based on criminal history. It is best to directly inquire with the landlord or property management to see if they will accept a felon as a cosigner.
You will have to buy mortgage insurance for a home. I don't believe it is an option as it is required while you have an outstanding mortgage. Look into the best available.