Question by : How can I get a home loan while only claiming to make min. wage?
I am a recent college grad with a fair amount of debt, I make nearly double payments on time each month. I do the same with my car loan. I’d like to purchase a home, but make only minimum wage on the books. However, because of unclaimed tips, I earn substantially more. Any suggestions would be appreciated! Thanks.
Best answer:
Answer by Steve D
Assuming $ 7.25 for minimum wage and 40 hours, that comes out about $ 15,000 declared income a year, meaning you can qualify for a mortgage of about $ 45,000 (three times declared earnings). Since the lenders go by official/declared income and you don’t declare your tips, they are not considered income.
What do you think? Answer below!
What I SAW REMINDS OF WHAT THIS GUY IS TALKING ABOUT at the end of HIS SECOND LECTURE Nassim Haramein www.youtube.com I did a huge smoke of DMT on the spontaneous calling to do it. It was the most wonderful enlightening experience I ever had and is still with me in its full revelation. For the videos I was listening to while in this altered state check out my blog post on it: I learned that the victory is already manifest within me and all I need is the right harmonics. The only thing I really need to do is not get in the way of it. budoracle.blogspot.com
Guide to Online Schools Releases 2012 Top Online Colleges Rankings
Kirkland, WA (PRWEB) January 11, 2012
SR Education Group’s flagship site, Guide to Online Schools, has released its third annual list of the top online universities. As one of the few education portals to actively calculate the rankings of online schools, the data presented in their list is significant to many institutions and students. This year, the list has been expanded from a list of 20 to the top 30 best online universities, but still includes loan repayment rates and average rate of student retention when tabulating final scores.
Other metrics used to determine rankings include whether or not the school was a for-profit or non-profit university, cost of tuition, student reviews of schools, and whether or not the school was regionally accredited (only regionally accredited schools were included in the rankings). A number of statistics were gathered from The National Center for Education Statistics (NCES), part of the U.S. Department of Education.
Topping the list for a second straight year was California University of Pennsylvania Online, followed by Western Governors University, Iowa Central College Online, National University, and Abilene Christian University. Other schools that were featured, but just below the top five were Jones International University, Northcentral University, and Bellevue University. Notably, several colleges moved around on the list compared to last year’s 2011 study. Jones International University, for instance, improved four spots, while Colorado Technical University – Online, slid five places.
Some perennial mentions include Abilene Christian University, Capella University, Colorado Technical University, Iowa Central College Online, Jones International University, Liberty University, Saint Leo University Online, Walden University, and Western Governors University which have appeared in the top rankings for three years running.
Given the country’s heightened economic awareness, many individuals are looking to attend online programs to obtain higher degrees, as the classes offer a more flexible schedule and no commuting time. Despite gaining popularity, however, distance learning still carries with it certain negative stigmas and many people are wary of enrolling. SR Education Group hopes to alleviate these fears by making the online schooling process more transparent. Jimmy Lin, SR Education Group spokesperson, says of the rankings, “By focusing on the criteria that matter to students, we’ve uncovered a lot of schools that offer exceptional value for their cost.”
Guide to Online Schools is one of the top education portals on the Web, offering extensive information on distance learning, careers, reviews written by actual online students, and pages where students can directly contact schools to get more information. To see the full list of rankings, visit Guide to Online School’s 2012 Top Online Colleges Rankings.
SR Education Group is based in Kirkland, Washington. For more information, please contact Alan Handford, 425-605-8898 or email alan(at)sreducationgroup(dot)org.
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{ 18 comments }
It won’t happen.
The salary (full time) at min wage is only $ 15,600 a year
Even if you can afford the max loan of 46,000
You have to be aware that banks don’t make mortgages for less than 50,000
Plus, you need 2 years worth of tax returns
Plus, a house that is 46K is going to be pretty darn bad with major problems in a bad neighborhood. Plus, you have debt that will reduce the amount of home you can qualify for. And do you even have a down payment and money left over for incidentals in a checking
You can’t. Not gonna happen. Unless you want to buy a 15k house. A house payment would be your entire income on paper. Nobody in their right mind would make a home loan where you seemed doomed to default.
Ps. Stop cheating. Declare your income.
The short of it; they are going to look at your outstanding debts/loans and look at how much you can afford pay back. Chances of getting a loan for a home might be pretty slim, but i also don’t know which state your in or anything else. Best bet is go to your bank and talk to some one. It’ll take like 10-30 minutes.
You can’t.
Explaining that you plan to spend about a decade in prison for income tax evasion is not going to go over well.
@smokingthatgreen This weekend will be my first voyage
any advice?
P.S. – I am experienced with psilocybin mushrooms, which I have heard is similar in the effects it has on the brain… I am very excited, am going to be spending the next few days meditating and doing a “soul detox” hehe.
taking a trip to hyperspace tonight
lol i bet you wised you done DMT a while ago can someone message me on how to extract or get dmt please
good for you (:
good for you (:
Respect man Dmt is the true
@fratsels i like your comment:P what you’re stating is we are all bacteria in the end lol
You are wise beyond most human beings. I respect you sir.
@budoracle exactly!! What this revelation that Nassim is talking about, is the fact that the the Vacuum IS Consciousness.
Using DMT once changed my entire life:
I now know we are all one living being. That everything is pulsating energy turning within itself. That if you zoom out (or in) you will see yourself passing by a couple of times. That everything is fractal. That everything combines equals nothing. That mass is a projection of (huge) energies. That my body is made out of millions of individuals (cells) that live like a huge city, that cities themselves: are alive (on a different level) etc, etc! All=1=0
@budoracle i was taken to a place just over a year ago where understanding was given to me. the truth is petrifying. everything has become clear. its hard to explain, ive been given a “mission” that is arduous, eternal and void of reward. its a totally spiritual mission with the only externality being a change in perspective. its hard to describe. anyway, just wanted to wish you well and let you know there are brothers about.
Wow I just took in a lecture by Nassim Haramein near the end of which I remembered this vision. It is the second one on this series of lectures crossing the event horizon
@tynesansom Yeah there is no point A and B it is only higher awareness through which we can move. You have a great year too.
@budoracle Wow, Bud, we have had the same kind of year. Stay warm and strong my friend. I pray for our positive change in our personal experiences. The fact remains: from point A to B is all an illusion. The suffering will end one way or another.
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