Can my husband and I get a house loan if we have 4 1/2 years left on a $750 car payment (32,000 left) and?
$ 12,000 in credit cards. We have about $ 28,000 in savings at the moment and are trying to move to San Antonio, Texas. We can pay off the credit cards and rent for a year which would have done but we are having non money related renting complications (totally different issue- no comments on it please!!) or we can pay off some of the credit card debt and put down 2,000- 10,000 dollars. Also, what is considered a good interest rate on home (mortgage) loan? Only serious answers please!! 🙂 We have average credit (we are 20 and 21) and make between 3.000- 7,000 a month. (self employed) verifiable by bank statements.
Sorry for all the questions- 1 more. How long does it take to get a loan for a house?
I am totally in a bind… need to move there in a week due to unforeseen events.