Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

got approved but small debt in the way

Author Message
Guest









Post Posted: Tue Mar 29, 2011 12:13 pm    Post subject: got approved but small debt in the way
Like 0
Dislike 0

got approved for 65,000 do i have to pay off the debt from a credit card of 1,333 before i can close on a home. I would like to just make payments still. Is this just my bank telling me this This i s a rural housing development loan
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Tue Mar 29, 2011 8:37 pm    Post subject:
Like 0
Dislike 0

Hi Guest,

There are chances that the lender will want you to pay off your other debts in order to get a mortgage. It will be better if you could pay off the debt in full and then take out the mortgage.

_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.052 seconds.