Is there anyone who will take me to approve a mortgage?

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Credit my husband is 532 (low score) due to misunderstanding / delinquent accounts that are controversial. But we need a mortgage for December this year. My credit score is 685 (fair) without negative reports. We made 70,000 a month since April this year. Car loan is still there, without having a balance of 27,000 outstanding. Have rented for 4 years and was on time for all payments. Do you have a couple of credit cards, which are all decent limits of our age (22 and 21) without credit. Asking price: 639.000. Deposit: 100.000.Was are my chances of gaining admission for the remaining 550,000 to do it for us this year we have an income of 20-30k in 2006 and 2007 gemeldet.Vielen Thanks I do not have all your thoughts personal? Ask about how I spend my money. I have other things that my money tied up in non-fault, but I have to pay taxes, etc. 70k before taxes, but also pre-load is (I want, I’m professional fees). If you do not publish certain information does not know how you ignorance gauging my financial decision. I only asked for a probability, a percentage not to your question, why I chose to open my loan or finance, or what price range I am trying to find a nice house with 240k. I prefer this suchen.Nun price range, if anyone has any information on the existence of all loans for mortgages in my situation, please contact at Carillon

  1. Reply
    May 4, 2011 at 1:51 am

    I’m sure you don’t NEED a mortgage … you just want one. If you’ve been making 70grand a month since April why do you even owne the 27grand on the car. For your first house with that kind of credit issues you should not be looking for a house at that price point….go down…way down. Go talk to a Mortgage Broker and they can tell you if you can get a mortgage…but I doubt it.

  2. Reply
    May 4, 2011 at 2:41 am

    I don’t mean to burst your buble ; BUt I seriously doubt that you will be financed for that kind / ammount of mortgage .

    You need to lower your sights on something a little less expensive and maybe look in the $ 200,000 – $ 250,000 range …

    THEN; you will probably be financed thru like Quicken Loans or an independent local banking institution .

    Best of luck to you !!

  3. Reply
    May 4, 2011 at 2:47 am

    Your husband’s credit is a problem especially if he is the primary. Suggest you wait and accumulate the 70k a month and down that on the house. There will be a bank that will take your loan if you down 50% instead of the 15% that you are suggesting.

  4. Reply
    May 4, 2011 at 3:04 am

    Something doesn’t add up.

    If you’re making $ 70K A MONTH since April, then even with $ 10K a month in expenses, you’re saving $ 60K a month. From April-November gives you 8 months to save. That gives you $ 240K.

    Buy a house for $ 240K or less and go from there (i.e. don’t get a mortgage).

    If you’re making $ 70K a month, there is no reason to:
    a) Have any car debt at all
    b) only put $ 100 K down on a house

    Honestly, at that much money a year ($ 840K) you should hire someone to advise you financially.

    This just all doesn’t add up at all to me.

  5. Reply
    May 4, 2011 at 3:08 am

    You don’t NEED a lender. You have $ 100k! You know what you have? CASH. With CASH comes POWER.

    How? Easy! Watch…

    1. There are plenty of homes on the market, sitting VACANT, because buyers can’t get loans.

    2. You have enough cash to give some to a seller who will allow you to take over their payments or do a lease option or do something creative (that works in your favor).

    3. Stupid LENDERS and stupid AGENTS try to pretend that “everybody” needs a loan. That is not the truth.

    4. All you need is an agent who works CREATIVE FINANCING. All you need is a SELLER open to SELLER FINANCING.

    5. On the MLS (the multiple listing service real estate agents have access too… some of the private agent remarks flat out say that the seller is open to lease option, or land contract, or lant trust, or something creative.

    6. ALSO on the MLS are homes available for lease. Many of those exact homes were actually on the market but did not sell. The Seller is tired, or cannot afford to make two payments (they already got their new house), now they’re looking for help on the old house. YOU ARE THE HELP.

    7. Heck, do you want a ton of agents to like FLOCK to you… just go to place an ad in the Real Estate Wanted sectiion, and state you have $ 100k, ready to buy a home using creative financing. WITHIN MINUTES you’ll get so many e-mails from creative agents and possibly sellers… you’ll go nuts!

    8. Just do a little reading up on the internet and/or book store. Your money is a BLESSING for some seller. Their home is a BLESSING for you! Good luck. Forget the naysayers. You could “get hurt” crossing the street for crying out loud. All creative transactions are not scams!

  6. Reply
    May 4, 2011 at 3:53 am

    I’d ask what you have made in the past two years for a trend, not simply a recent surge in income. I’d say you should lower your expectations.

    And if you can’t take the heat, stay out of the Yahoo Answers kitchen.

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