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Forum » Is getting a mortgage as a single person that much harder?
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Thread: Is getting a mortgage as a single person that much harder?

post 1678590123 03-08-2023, 04:48 PM
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  1. Vascularmanlet
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Is getting a mortgage as a single person that much harder?

Srs. Almost everyone I know in there 20’s who’s a brought a house seems to be couples with a joint mortgage, the only young single homeowners I know either have inheritance or got lent loads of money from there parents.


The thing is even if by some miracle I got a GF, it seems far too risky to buy a house with a girl. Wtf do you do if you split up?

I’d only want to purchase my OWN property so no one can take it off me, but even prices for a 2 bedroom house are getting ridiculous where I live these days. Homes that should be 150k max are going for 300-400k.
post 1678590333 03-08-2023, 04:53 PM
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Getting approval for a mortgage generally comes down to debt-servicing ratios, so higher income as a couple of course helps assuming debt load remains the same.

There are lots of options if you split and own a house you bought together, I think generally it ends up being sold and you either share the remaining debt if sold at a loss or split the proceeds from the sale. Or one person can take it on, buy the other person out maybe?
post 1678590373 03-08-2023, 04:54 PM
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Should just be a matter of income, net worth, and credit score/current debts
post 1678591103 03-08-2023, 05:08 PM
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Originally Posted By mainebrahh⏩
Should just be a matter of income, net worth, and credit score/current debts
The thing is people get turned down for a mortgage that is cheaper than the rent they pay.

If I had the money I’d buy a house outright with cash but who has a spare 500k lying around unless CEO/10k day?
post 1678591523 03-08-2023, 05:17 PM
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Originally Posted By Vascularmanlet⏩
The thing is people get turned down for a mortgage that is cheaper than the rent they pay.

If I had the money I’d buy a house outright with cash but who has a spare 500k lying around unless CEO/10k day?
That's probably a good sign that they are renting more apartment than they should be.

I qualified for a 620k mortgage a couple years ago only making 80k at the time. Only ended up buying a 300k home though. I wouldn't be looking to buy at the moment srs
post 1678591563 03-08-2023, 05:18 PM
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Buying a home as one of my bigger accomplishments. Feels bad these sloots that come over will never understand
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1678591573 03-08-2023, 05:18 PM
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Originally Posted By Vascularmanlet⏩
The thing is people get turned down for a mortgage that is cheaper than the rent they pay.

If I had the money I’d buy a house outright with cash but who has a spare 500k lying around unless CEO/10k day?
Hardly anybody buys a house out right brah

I got a mortgage on a condo single bro

All you need to do is look at the price of the place subtract your down payment and that's the mortgage you will need to be approved for

- also need credit and employment documents for proof like tax assessments or pay stubs
post 1678591603 03-08-2023, 05:19 PM
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Originally Posted By Vascularmanlet⏩
The thing is people get turned down for a mortgage that is cheaper than the rent they pay.

If I had the money I’d buy a house outright with cash but who has a spare 500k lying around unless CEO/10k day?
Y they fuk would you buy a home with cash unless it’s a rehab/flip
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1678591633 03-08-2023, 05:19 PM
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Originally Posted By Nonsense916⏩
Buying a home as one of my bigger accomplishments. Feels bad these sloots that come over will never understand
Lol same
post 1678591643 03-08-2023, 05:19 PM
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The problem is that you’re poor, not that you’re single.
post 1678591733 03-08-2023, 05:21 PM
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Originally Posted By bigdownunder⏩
The problem is that you’re poor, not that you’re single.
Brutal
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1678591993 03-08-2023, 05:24 PM
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try to house hack . get 3 bedroom house rent out the other 2 bedrooms

or make a brothel
post 1678592583 03-08-2023, 05:33 PM
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you work on the railroad for 6 bucks an hour and have to pay for sloots. just f*cking lol at you buying anything that is more than take out food scraps. f*ckng broccoli hair scrawny ****g*t
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post 1678592813 03-08-2023, 05:37 PM
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  1. Vascularmanlet
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Originally Posted By howimliving⏩
you work on the railroad for 6 bucks an hour and have to pay for sloots. just f*cking lol at you buying anything that is more than take out food scraps. f*ckng broccoli hair scrawny ****g*t
Another ignorant Ameritard who doesn’t understand my job because your poverty state doesn’t have passenger trains.

Railway is one of the best careers/industry you can into without a degree here in England. Lots of big opportunities for progression with various roles especially if you’re a conductor or train driver.

Get big bonuses for working overtime or weekends plus amazing benefits, free train travel, great pension schemes (I have three different pensions alone which is tax free srs) tons of perks etc.

We also have the strongest alpha militant unions in country so hard to lose your job unless you do something dangerous or stupid.
post 1678593053 03-08-2023, 05:41 PM
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Originally Posted By Nonsense916⏩
Y they fuk would you buy a home with cash unless it’s a rehab/flip
Why would you not pay cash if you have it? Would you rather pay the bank a couple hundred thousand in interest? (Ded fkn Srs)
post 1678593133 03-08-2023, 05:42 PM
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if you're poor
My ALT is elevated. 75.
post 1678593153 03-08-2023, 05:42 PM
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If you're asking these kinds of questions you're at least a few years off from buying something. I don't know how things are in the UK but good luck in the future.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1678593463 03-08-2023, 05:46 PM
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Originally Posted By Vascularmanlet⏩
Railway is one of the best careers/industry you can into without a degree here in England
ugly manlet tradie without a degree calling someone else ignorant, i rest my case

also, "i'm not smart enough to buy my own house" just f*cking laugh at you loser
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post 1678593913 03-08-2023, 05:53 PM
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Originally Posted By Vascularmanlet⏩
Another ignorant Ameritard who doesn’t understand my job because your poverty state doesn’t have passenger trains.

Railway is one of the best careers/industry you can into without a degree here in England. Lots of big opportunities for progression with various roles especially if you’re a conductor or train driver.

Get big bonuses for working overtime or weekends plus amazing benefits, free train travel, great pension schemes (I have three different pensions alone which is tax free srs) tons of perks etc.

We also have the strongest alpha militant unions in country so hard to lose your job unless you do something dangerous or stupid.
I honestly couldn't give 2 sh!ts about your career, but;
Career progression isn't exclusive to your industry and the fact you see it as an opportunity means it hasn't happened yet so it may actually never happen.
Overtime bonuses and weekend rates are pretty standard (in Australia anyway) so hardly a bragging point.
Free train travel, beneficial because you can't afford a car? We have passenger trains in Australia and they're a horrid method of transport.
Unions are helpful until they're not.
post 1678594243 03-08-2023, 05:55 PM
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Sorry m8, that flat you want to buy is going to a family of 15 newly imported pakis and your taxes are paying for it. Cheers bruv
post 1678595633 03-08-2023, 06:16 PM
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Originally Posted By howimliving⏩
ugly manlet tradie without a degree calling someone else ignorant, i rest my case

also, "i'm not smart enough to buy my own house" just f*cking laugh at you loser
Lmao at triggered neg

Imagine calling anyone ugly when you look like some pasty baldcel goblin JFL


post 1678595813 03-08-2023, 06:20 PM
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[QUOTE=Vascularmanlet post_id=1678595633]Lmao at triggered neg

Imagine calling anyone ugly when you look like some pasty baldcel goblin JFL


[img]https://i.ibb.co/XymPd4Q/7-D88-E909-37-E7-4276-B26-B-02-C3-EAC933-BA.png[img][/url[/QUOTE]You're a broke curry manletcel that works on a train and can't afford a house LOL. (Ded fkn Srs)
post 1678596463 03-08-2023, 06:35 PM
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Originally Posted By gmenfan40⏩
You're a broke curry manletcel that works on a train and can't afford a house LOL. (Ded fkn Srs)
Not broke, lots of disposable income so can afford to do what I want and I smash 8/10 Latinas on regular.
post 1678596513 03-08-2023, 06:36 PM
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Originally Posted By Vascularmanlet⏩
Not broke, lots of disposable income so can afford to do what I want and I smash 8/10 Latinas on regular.
You live with your mom f@gg0t. (Ded fkn Srs)
post 1678596803 03-08-2023, 06:39 PM
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Lenders don’t care if married or single, just if you can pay the loan back. If you need the additional income then its a factor but keep in mind in that case both people’s FICO scores are part of the decision.
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post 1678597093 03-08-2023, 06:42 PM
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Originally Posted By gmenfan40⏩
Why would you not pay cash if you have it? Would you rather pay the bank a couple hundred thousand in interest? (Ded fkn Srs)
But who was time value of money?

I got my mortgage at 3% and I'm fist pumping every time I pay interest srs
post 1678597153 03-08-2023, 06:44 PM
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Its required to be married to buy a house. This is true.
post 1678598213 03-08-2023, 07:02 PM
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Originally Posted By Vascularmanlet⏩
i'm ugly AF and you broke my heart with your truthful neg
strong stalker trigger vibes ****g*t. do your railroad a favor and rope. srs
Originally Posted By gmenfan40⏩
You're a broke curry manletcel that works on a train and can't afford a house LOL. (Ded fkn Srs)
Originally Posted By gmenfan40⏩
You live with your mom f@gg0t. (Ded fkn Srs)
ethered
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post 1678598493 03-08-2023, 07:06 PM
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in the US for your typical homeowner it 100% comes down to DTI - debt to income ratio. also depends on the type of loan - VA FHA Conventional - as to what DTI is allowed.

as an example, the absolute most you can typically have as a DTI is 63% with a VA loan, so no more than 63% of GROSS pay going towards debt, mortgage, etc, which is absolutely high as fuk but it is what it is. a lot of mortgage companies wanna see you below 40%. if you dont have any other debt besides a mortgage it is not that difficult - well it swant 2 yrs ago, now youre basically fukked if you try to buy unless you get something on an assumable mortgage or you buy a cheap *** house in a LCOL.
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post 1678627083 03-09-2023, 08:28 AM
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Originally Posted By AlwaysFocus⏩
Its required to be married to buy a house. This is true.
I can’t even imagine ever getting married lmao.
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