Debbie V asked:


What Happen with the Senate mortgage rescue plan? was that a new plan create for first time home buyer’s?

I’m getting ready to buy my first home I was pre-approve for a FHA loan of 180k do you think any of this will affect me.
I have a good job and the 3% down, and my credit score is 710

Jessie

Ash asked:


I’m hoping to buy a home in the near future. I have a very good job, but I am currently on contract. I have been here for close to a year and have another year still remaining on my contract, at which time I will hopefully be made perminant. I have $25,000 to put down towards a home and have a good credit score. What are my odds of getting a mortgage? How reluctant are companies to give loans to people who work on a contract?
I’m not working for a temp agency, I’m working on a contract at a University. I’m full time and salary, but after 1 year they do not have to keep me on full time if they choose.

ERNEST