If you just graduated and have held a job for a mere two months, don’t expect to qualify for a mortgage unless your new position directly correlates with what you studied in school. For example, if you went to medical school, and now have a job as a doctor, this might be sufficient...
Tim Wilson of Wachovia Mortgage Corp. reports that his company accepts minimal income documentation as long as one makes a down payment of 20% or more, has a good credit report, and a highly marketable property.SmithAnneKatesEBSCO_bspKiplingers Personal Finance...
Will I qualify for a mortgage if I'm SELF-EMPLOYED? 来自 EBSCO 喜欢 0 阅读量: 19 作者:Smith,Anne,Kates 摘要: The article informs about mortgage processes for self employed individuals. The tight lending standards require one to have a large credit and a substantial down payment. Otherwise,...
If you believed everything you read about your credit score, you'd think it was the most important component of your financial health. Without a good credit score and history, the experts say, it's more difficult qualify for a mortgage( 按揭 )or a car loan-and more expensive if you're...
Qualifying for a USDA-guaranteed mortgage Income limits to qualify for a USDA-guaranteed home loan issued by a partner lender vary by location and household size. But the borrower’s household income cannot exceed 115% of the median income in the county where th...
You can get a lower monthly payment, freeing up cash for other expenses. You can pay off your loan faster, saving you money in interest. A lower monthly payment decreases your debt-to-income ratio, which can make it easier to qualify for a mortgage or other types of credit. U...
You might have so much student debt that you cannot qualify for a mortgage. If student loan payments eat up 40% of your income, there probably isn’t room for a home loan, and a mortgage company won’t lend you any money. This doesn’t necessarily mean that you have to pay off all...
If you have a good credit score, you may be able to qualify for a credit card with great rewards, like the Discover it® Cash Back credit card. Your credit score might be low because of you’ve missed payments, you have high debt, or there are other negative marks on your credit ...
A good credit score not only opens up more options for loan programs and lower mortgage rates but also helps you qualify for a higher purchase price. On the other hand, a lower credit score may result in the need for a larger down payment, higher interest rate, or private mortgage ...
Will I qualify for credit card debt relief with bad credit? Having a low or poor credit scorecan be a financial hindrancein many ways — whether you're trying to borrow money for a home, a car or are simply trying to pay off existing debt. But the good news is that while bad credit...