Can I afford a mortgage despite carrying student loan debt? It’s not a secret that having a mortgage plus student loan debt is challenging, but with thorough planning and discipline, it’s possible. The keys to affording a mortgage while also paying off student debt include managing your debt-to-income ratio, reducing… Read Full Article Share FacebookTwitterLinkedIn
How do I figure out how much house I can afford? There are plenty of mortgage calculators online that can help you crunch the numbers, but the pre-approval process will give you a good idea of how much house you can afford (and how much your monthly payments may be). The… Read Full Article Share FacebookTwitterLinkedIn
Is the mortgage loan process any different if I buy a short sale or foreclosed home? No – the borrower’s financing is no different when purchasing a short sale or foreclosure property. Read Full Article Share FacebookTwitterLinkedIn
Can we use my partner’s income but my credit? No – if you are the borrower on the loan, your credit will be used to determine the applicable interest rate. You can’t mix and match, and this is true for all mortgage loans. Read Full Article Share FacebookTwitterLinkedIn
Can I still receive a loan if I have poor credit? Even though a poor credit score can mean some challenging times ahead, it doesn’t mean securing a loan is impossible. The first few steps to getting approved: · Resolve any lingering issues related to your credit history · Find the… Read Full Article Share FacebookTwitterLinkedIn
Is obtaining a mortgage a problem if I don’t have a great credit history? A strong credit history is helpful when applying for a home mortgage loan. The strength of your credit is based on many things — including the number of accounts you have and how long you’ve held them. A borrower with… Read Full Article Share FacebookTwitterLinkedIn