This community is for concerns, problems, and challenges relating to mortgages and foreclosures. The significant downturn in the housing market, including the w...
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Hello, I am a Broker & Sales Manager for ERA Network Real Estate, Mortgage & Leasing in Southwestern Michigan.
I would like to extend my services to any here that have any questions about real estate and anything I can do to answer any questions you may have... Posted on 01/07/08, 03:01 pm |
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Is this good enof to get apporved for a home loan?
: I am buying a house for 305,000 I'm putting down 105,000 but my credit isn't so great betweeen me and wife it is 603-660 we make a little over 100,000.We where later on credit card 2 months in a row thought I payed it off and never used po box it was sent to again this was within the past few months and we have a few over credit line in the past few years.Never late on car loans or my old mortgage or rent.We have like 20 thousand in car loans and about 7 thousand in credit cards.What are our chances of getting aproved for 200,000? 
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I have a rental property which is 6 hrs away from where I live now.
I want to buy a house where I live because the prices are so tempting. I don't know yet if I would live in it, or use it as rental property. My problem: Should I sell and buy now, or wait until the economy is a little more stable?
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