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should i wait another month to apply for a mortgage?

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blak6764 Joined: 04 Feb 2008 Posts: 10 5.53 Dollars($)	Posted: Mon Oct 13, 2008 2:54 pm    Post subject: should i wait another month to apply for a mortgage? Like 0 Dislike 0 Hi there i am first time buyer in southern cal. and want to deposit up to 60k. Fico 800. annual income 37k i got 50k in brokerage account,15k in retirement,80k in bank. i am getting another 30-40k within a month. 1.Should i wait for 30-40k to arrive or it doesnt matter and i can apply now? 2.Can i get a mortgage with 10-15% down payment nowdays without ridiculously high interest rate ? If not i have to go for 200-300k house which is fine with me thanks very much andre
Mortgage_Man_X Guest	Posted: Mon Oct 13, 2008 5:56 pm    Post subject: I can Help with Your Mortgage! Like 0 Dislike 0 1. Apply now 2. You can, with 10-15% down. Marty [Email address and promotional text deleted as per forum rules. Thanks.]
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Tue Oct 14, 2008 1:17 pm    Post subject: Like 0 Dislike 0 you have no reason to wait, Blak. your credentials, as stated, are excellent, and will afford you a pretty easy qualification and processing once you find the home you wish to purchase. that extra $30-40K you anticipate will likely arrive before your closing anyway, so there's no reason to wait. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Mon Oct 20, 2008 2:30 pm    Post subject: Like 0 Dislike 0 Blak your credentials are strong your cash on hand is great your income is low for the amounts you mentioned? How much do you want to buy/borrow? On that income your debts will have to be zero and your mortgage with taxes and insurance less than 1600 a month? That is going to be tough in SCa Brian _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

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