Financing in 90712>Question Details

Maritza, Home Buyer in Long Beach, CA

I have a lender who has approved us at $325, decent score 668, income about $96k, we need a higher loan amountof about $15 - $25K,

Asked by Maritza, Long Beach, CA Tue Jan 29, 2013

will another lender gives additional money if we shop around? I want to keep our options open, and we have calculated that we can afford about $2400 per month.

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Maritza - it all depends on what your monthly payments are on your consumer debt (car loans, credit cards, student loans, etc.), as from an initial glance $96k/year should qualify for a much higher sales price than $325k if you have no consumer debt payments, and even if you have $1k/mo in consumer debt payments. Sounds like your loan officer isn't explaining what is preventing you from qualifying for more, is that the case?

Shane Milne | Lending in all 50 states | NMLS #81195
1 vote Thank Flag Link Tue Jan 29, 2013
Hello Maritza, Yes, I can with a few dozen questions, I can give you solutions today and we can achieve that for you. Do you have your file in a pdf format to email to me to study while speaking with you? I have done calculations and can offer you a $350 loan amount and a payment below $2,400 today. I am here for you. Here are some links to study and consider. I only need a few minutes of your time.

http://www.under640ficoscoreloans.com/Pages/Conventional.aspx

http://www.under640ficoscoreloans.com/Pages/CHDAPLoans.aspx

http://www.under640ficoscoreloans.com/Pages/HalfPercentDown.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Tue Jan 29, 2013
I agree with the other Realtors please check around. give us a call so we can help you, Team Melendez




Melody & Robert Melendez
Keller Williams
562 552 1500
DRE#01871045
0 votes Thank Flag Link Tue Jan 29, 2013
Hi Maritza,

Always good to get a 2nd or even a 3rd opinion. Not all lenders have the same loan programs, shop around for the best program for you is always the best answer.

Best of luck in your new home search.

Lou McNamee
Coldwell Banker
Lic#01317775
562-879-9677
0 votes Thank Flag Link Tue Jan 29, 2013
Hi Maritza,
Not a bad idea to have another lender take a look at your file. Feel free to contact me today and I'll be glad to work on it and Pre-Approve you for the maximum loan amount possible within guidelines. No obligation.

Thank you,

Mike Pandazos
Loan Officer
mike@metrolending.com
818-937-6622
0 votes Thank Flag Link Tue Jan 29, 2013
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