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 kis_73
Joined: 21 Sep 2009
Posts: 1
1.31 Dollars($)
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 Posted: Mon Sep 21, 2009 12:27 pm Post subject: mortgage app |
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| Hi I am planning to down 10% on 530000 house can I get a mortgage. |
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chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
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| Posted: Mon Sep 21, 2009 12:53 pm Post subject: |
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What is your credit like?
How long have you been on your job?
How much are you making annually?
What monthly debts do you have (reporting on your credit)?
_________________
Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
Five Stars Mortgage On Facebook |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
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| Posted: Mon Sep 21, 2009 1:35 pm Post subject: |
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depending on your answers to chris' questions, you might qualify.
if your credit score is below 700, you may not want to count on qualifying at all. mortgage insurance is a commodity that is very hard to come by these days.
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George M. Akerley
Loan Consultant
860-221-5044 |
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chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
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| Posted: Mon Sep 21, 2009 3:44 pm Post subject: |
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agreed. In Florida you have to have a 680 or higher to go above 80% loan to value.
_________________
Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
Five Stars Mortgage On Facebook |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
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| Posted: Tue Sep 22, 2009 7:03 am Post subject: |
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chris, please have your mi contacts spread the news to connecticut contacts so we can get mi for people below 700. the mi companies are not well, i'm afraid.
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George M. Akerley
Loan Consultant
860-221-5044 |
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chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
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| Posted: Tue Sep 22, 2009 7:09 am Post subject: |
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Ouch sorry to hear that George. I thought we had it as bad as it could get 
_________________
Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
Five Stars Mortgage On Facebook |
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