I own a home worth 350k and I owe 125k on it
The thing is I can’t refinance because my dti is too high I earn around 45k a year and even with tons of equity I can’t find a lender to refinance me. My payment is 1500 a month. If I refinanced it would go from 1500 to like 800 a month. If I could do this that be great but I can’t because dti it seems.
So I earn decent money but I’m living paycheck to paycheck. I’ve noticed this because I just can’t afford things now, I’m not really enjoying life at the moment. I feel financially stuck and house poor. I’ve owned my home for a little over 4 years now.
I just turned 26yo and My goals in life are to further my education and build a career I enjoy but I can’t do that currently.
What should I do? Open to any options so that I can reach my goals
Submitted August 13, 2021 at 05:33AM by Turtle282367 https://ift.tt/3sly2le
