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Bonnie Cox
"Hustling in Harford County!"
- 3 Answers
- 1 Blog post
- 1 Listing
Locations:
Web sites:
Profile Link:
Experience:
Owner for Maverick Enterprises
September 1999—October 2005
Blood, sweat and tears building my own marketing company. This is where I learned to…
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Blood, sweat and tears building my own marketing company. This is where I learned to…
Specialties:
Believe it or not, my most rewarding moment to date was in helping one of my potential short sales keep her property by assisting in talking with her bank.
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Certifications
& Awards:
& Awards:
NAR, MAR, HCAR, E-Pro ®
Interests:
Taking pictures of homes . . . no, really! I love staging a room and taking
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About:
It's not just about selling your home. It's about providing the services needed to get that done, from the first question to the last signed paper at settlement.
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Bonnie Cox answered:
Hello Baltimore Seller,
Like Chad answered, There will be quite a few things to consider:
1. How much you will have left over from the sale of your home to put down on the new one.
2. What monthly mortgage you will qualify for
The latter question will be answered by both your husband credit scores and yours. Chad laid it out nicely. You will either be paying higher interest rate including your credit information or . . .
You will be paying a lower interest rate, but a smaller loan amount using just your husband's credit.
Are you going FHA? Are you getting outside help with closing?
I have an agent who's customer had to go through an angel investor because he was self employed and his tax records showed less income then he actually had due to deductions. He didn't even qualify for a loan even though he could more than afford the home.
Banks DO take into consideration your income when determining how much you qualify for. However they put more weight on your debt to income ratio.
I would get a pre-qualification before you do anything . . . get one with and without your income/credit score included and go from there. Once you have that, you are armed and you can shop around.
Like Chad answered, There will be quite a few things to consider:
1. How much you will have left over from the sale of your home to put down on the new one.
2. What monthly mortgage you will qualify for
The latter question will be answered by both your husband credit scores and yours. Chad laid it out nicely. You will either be paying higher interest rate including your credit information or . . .
You will be paying a lower interest rate, but a smaller loan amount using just your husband's credit.
Are you going FHA? Are you getting outside help with closing?
I have an agent who's customer had to go through an angel investor because he was self employed and his tax records showed less income then he actually had due to deductions. He didn't even qualify for a loan even though he could more than afford the home.
Banks DO take into consideration your income when determining how much you qualify for. However they put more weight on your debt to income ratio.
I would get a pre-qualification before you do anything . . . get one with and without your income/credit score included and go from there. Once you have that, you are armed and you can shop around.
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