Anyone can put in the picture me I can find a stated income mortgage loan and the monthly clearing would ne more than 1500?
For 220,000 loan
Answers:
Yeah its reasonably possible. I found Eloan.com's online loan advisor to be super helpful in determining what type of loan I should use for my adjectives condo purchase. It found for a $240,000 loan the payments would be $1598 (this of course being on a 5 year loan which comprised of a 3 yr ARM and a 15 year fixed...you might hold different goals). For $220,000 you should be able to find an adequate loan for the amount of $1500 or smaller quantity. Try Eloan!
In order to get a stated income loan for a 220k loan amount and keep hold of your payment at or below 1500 you would need to qualify for a rate of 7.25%. This would administer you a 1,500 monthly payment (not including taxes and insurance). There are many factor, besides stated income, that would determine wether you would qualify for that rate or not on a stated income loan. Credit score, loan to value, time on available job, money put away, etc... would all help factor into whether or not you would qualify for that rate (or possibly lower) or not. Source(s): http://www.gofirstsecurity.com/Purchase/… (stated income loans)
yes. that is principal and interest at 7.25%. not out of the sovereignty of possibility depending on credit, income, and assets. Source(s): try this... www.1stmetropolitan.com/irvine tons of tools, calculators, and informative stuff
Whats your middle score? s_berry_jr(a)yahoo.com Skyline Mortgage
Not if you include taxes and home owners insurance
Related Questions:
Can someone next to a felony history be a loan officer? primarily doing reverse mortgages?
In Texas you can be a loan officer in need a license, so I guess there may not be anyway you are checked out at all. In most states they license this so you would hold to...
Answers:
Yeah its reasonably possible. I found Eloan.com's online loan advisor to be super helpful in determining what type of loan I should use for my adjectives condo purchase. It found for a $240,000 loan the payments would be $1598 (this of course being on a 5 year loan which comprised of a 3 yr ARM and a 15 year fixed...you might hold different goals). For $220,000 you should be able to find an adequate loan for the amount of $1500 or smaller quantity. Try Eloan!
In order to get a stated income loan for a 220k loan amount and keep hold of your payment at or below 1500 you would need to qualify for a rate of 7.25%. This would administer you a 1,500 monthly payment (not including taxes and insurance). There are many factor, besides stated income, that would determine wether you would qualify for that rate or not on a stated income loan. Credit score, loan to value, time on available job, money put away, etc... would all help factor into whether or not you would qualify for that rate (or possibly lower) or not. Source(s): http://www.gofirstsecurity.com/Purchase/… (stated income loans)
yes. that is principal and interest at 7.25%. not out of the sovereignty of possibility depending on credit, income, and assets. Source(s): try this... www.1stmetropolitan.com/irvine tons of tools, calculators, and informative stuff
Whats your middle score? s_berry_jr(a)yahoo.com Skyline Mortgage
Not if you include taxes and home owners insurance
Related Questions:
Can someone next to a felony history be a loan officer? primarily doing reverse mortgages?
In Texas you can be a loan officer in need a license, so I guess there may not be anyway you are checked out at all. In most states they license this so you would hold to...