If you make $40,000 in Detroit that should be enough but $150,000 in San Francisco is probably not…
A recent report released on Monday by HSH.com, a mortgage advisory website, found that making $40,000 year in the great lakes area, should be enough to purchase a home, while making $150,000 in San Francisco is probably not! Gasp! I’m glad I live in the Southeast…HSH.com used the assumption that 28% of that income would go towards a monthly mortgage payment, and also allowed for a 20% down payment, the national average.
Thankfully mortgage payments span over a 30 year period. However, the down payment is due right away, before closing and needs immediate consideration if you are actively looking to buy a home. What you might not know, but should is that the down payment source is a sticky subject with lenders. Many sources do not qualify by the lender. While some people are “gifted” the down payment from a family member, and others are lucky enough to qualify for a no-down-payment loan, most find it difficult to come up with the traditional 20% down payment. FHA Mortgages, although considred a low-down-payment mortgage, at only 3.5%, still will run about $3,000 – $8,000 upfront and most loans do not qualify as a down payment source, except for asset-backed loans such as a Title Loan. If you own your vehicle (auto or motorcycle) you could qualify for a Title Loan. Find out how to get a Title Loan with an easy online approval process and often same day cash at Title Pro.
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Title Pro offers you a secured online loan at a competitive rate. You apply online, you get a decision online, and you complete the process online. It’s quick, it’s transparent, and it’s straightforward.
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Title Pro gives you the power to make your car’s equity work for you. We offer competitive rates and a convenient monthly payment schedule with a convenient online process. Fill out an application now… you’ll know the results today and you can have cash as soon as today*.
When you need a car title loan company, and need cash quick, we’re only a keystroke away. At Title Pro, we’re here for you when and where you need us most! Find out how it works & how much you can get.