Student Loans « home loans – mortgage refinance second mortage

home loans – mortgage refinance second mortage

July 28, 2009

do you think i ca get approved 4 a mortgage loan 4 135k if i make 25k and my husband make 28k. we have been?

Filed under: Renting & Real Estate — Tags: 20k, Ca Mortgage, Mortgage Loan, Rent, Renting, Student Loans — admin @ 12:22 am

valcinn asked:

renting the home and paying the whole mortgage 1078 a month and now want to purchase the home.. we have no dept he has student loans 18k-20k but its deferred. i just dont want to rent anymore i would rather own being that we pay the whole mortgage anyway

TYRONE

Comments (3)

June 19, 2009

Credit score- Home Mortgage?

Filed under: Renting & Real Estate — Tags: Credit Card, Credit Ratio, Credit Score, Debt Ratio, First Time Home, First Time Home Buyers, Home Mortgage, Student Loans, Time Home Buyers — admin @ 4:38 am

Jimmy B asked:

1) My credit score is 612 (Im working on improving it right now), and my wife’s is above 700. We will be looking to apply for a home mortgage mid-2009. Our combined income is over 100,000, and we are first time home buyers. We plan to apply through our credit union for the mortgage. Will we be approved?

2) Also, need help understanding debt-to-credit ratio. Will our student loans affect our chances of being approved? (we are not late on any payments)

3) Also, I am an authorized user for my wife’s credit card, so my debt-to-credit ratio is higher because she has almost maxed it out. Should I be taken off the card so my ratio goes down?

FLOYD

Comments (3)