Dealing with Insufficient Income

If you are trying to borrow money for a real estate purchase, you need to consider a number of factors of which your income is one. If you are not making enough to qualify, do you have any options? It is a tough situation, but there are some things you can try to do. If you are cash rich, you can try to make a large down payment. Lenders are very receptive to this even these days because it limits there risk. A second approach is to get another borrower to give you a secondary note to make up the difference. Many sellers are motivated to do just this.