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Old 06-26-2005, 07:58 PM
tagrims tagrims is offline
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Default Re: First job and owning a home? Help!

Of course I don't have tenure yet, but this is not a "long-term" sub job. I was told by the principal this was a "permanent" position of course if I hit a kid or I can't do my job that obviously changes things.

I'm just concerned over the whole documentation that is required that we keep hearing about. We don't have that much documented and my latest 1040 I was claimed as a dependent by my parents and I only had substitute teaching as income.

(So far this year Jan-May I student taught ,sub'ing every now and then plus I coached....total gross income of $3,300)

Something tells me that a loan officer will see that $3,300 and our application and throw it out the window.

Thanks for the insight and keep it coming


P.S. While I agree the housing market seems to be at or near it's peak, I don't believe it is going to burst like the stock market. I think it will slow but not really reverse course. In addition, the region where I am located has a lot of tourists (weekend variety from Boston) and they plan on starting to widen the highway in the region, once that occurs I believe real estate is going to sky rocket and make it unaffordable.
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