Posted on: 26th Nov, 2012 11:06 pm
Hey I am working on getting a mortgage. The home and land just appraised for 102000 and the loan is for 43000. The gift of equity is 12000. They are using my 704 credit score. My gross income is 22392. I do not have any outstanding debt except a small balance on credit card that I pay back each month and a secured auto loan that pays for itself out of a savings account that I have been using to build credit. I have payed rent every month to my dad(who I am buying the home from) even though he took a while to deposit the checks. I had the first listed as the date on all of the checks. How does this sound? Is there anything else I should worry about in the process?
Thank you!
Thank you!
Hi sattarraa,
Your score will help you get conventional mortgage. You should contact your lender and check out whether or not you can qualify for a loan. He will look into your financial and credit situation and let you know whether or not you can qualify for a loan.
Thanks,
Jerry
Your score will help you get conventional mortgage. You should contact your lender and check out whether or not you can qualify for a loan. He will look into your financial and credit situation and let you know whether or not you can qualify for a loan.
Thanks,
Jerry
Hi sattarraa,
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and get to know whether or not you may qualify for a loan depending upon your financial situation.
Thanks
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and get to know whether or not you may qualify for a loan depending upon your financial situation.
Thanks