What r my chances of getting a mortgage?

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Credit score of 703 but not much credit history one car loan and one credit card…………..loan would be for about 120K its for an apartment not a house going for 169K but offered 150K would put 20 % down……….have had the same job for 9 years. I am only 26 no kids and single make just under 100K a year.

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3 Comments
  1. Reply
    jim m
    May 18, 2011 at 11:37 am

    u shoud get it

  2. Reply
    Donna
    May 18, 2011 at 12:14 pm

    Mortgage loan is a term used for the loans secured by a property. Mortgage loans refer to a loan secured by residential property, often for the purpose of securing real estate. Mortgage loans are priced lower than other loan structures because the value of the property risk for the lender.

    http://www.worldbestloans.com/Mortgage%20Loan.htm

    A fixed rate mortgage loan has its own benefit. If the borrower is budget conscious, he will remain at peace because the monthly mortgage amount will not change.Fixed rate mortgage loan is a loan where the interest rate remains the same through the term of the loan. Fixed rate mortgage loans are the most traditional form of loan.

  3. Reply
    Orion
    May 18, 2011 at 12:28 pm

    Looks like you are a good candidate for a loan. The number the experts like to work with is the ratio of monthly loan payment (including taxes) verses your monthly gross income. If 35% or less you are a very good candidate.

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