Can you still win mortgage financing if you enjoy overdraft protection and use it? I own pretty flawless credit.?
I also am a veteran, so can get a VA loan, but my current rent is too high, so i live paycheck to paycheck. I want to buy an inexpensive house (around 100,000) so my mortgage will be lower than the rent I currently repay (1000 a month)
Answers:
Check with your lender. You should interview several mortgage lenders and work with one that you go and get along with personally and who have a good lending history. Also, trademark sure your lender is also the entity that is going to service your loan after closing - if they sell your loan urgently upon close and you will have to deal near an 800 number, this is not the right lender for you.
Using your overdraft account really shouldn't matter to most lenders - most of the time those do not show on your credit report. Work near a good lender, and a good Realtor who can oblige you find the answers you need and you should do just fine.
Good luck to you! Source(s): Eau Claire, WI Realtor
VA home loans are a matchless way of extending support to the US war veterans, who committed their lives within safeguarding the interests of the country.
http://www.worldbestloans.com/homeloans.htm
No prepayment penalties and long amortization terms are another power of these loans. Houses provided under VA housing loan programs are duly inspected at the time of construction and require a warranty from the builder.
Related Questions:
Does getting a mortgage give a hand your credit?
I have worked on fixing some minor credit issues i have everything cleaned up i basically got a mortgage on a house and i will pay it in good time of course i got 6.5 percent how long does it bring before it helps my...
Answers:
Check with your lender. You should interview several mortgage lenders and work with one that you go and get along with personally and who have a good lending history. Also, trademark sure your lender is also the entity that is going to service your loan after closing - if they sell your loan urgently upon close and you will have to deal near an 800 number, this is not the right lender for you.
Using your overdraft account really shouldn't matter to most lenders - most of the time those do not show on your credit report. Work near a good lender, and a good Realtor who can oblige you find the answers you need and you should do just fine.
Good luck to you! Source(s): Eau Claire, WI Realtor
VA home loans are a matchless way of extending support to the US war veterans, who committed their lives within safeguarding the interests of the country.
http://www.worldbestloans.com/homeloans.htm
No prepayment penalties and long amortization terms are another power of these loans. Houses provided under VA housing loan programs are duly inspected at the time of construction and require a warranty from the builder.
Related Questions:
Does getting a mortgage give a hand your credit?
I have worked on fixing some minor credit issues i have everything cleaned up i basically got a mortgage on a house and i will pay it in good time of course i got 6.5 percent how long does it bring before it helps my...