Partner and I are planning to buy a 550k house. I will do a cash out refinance on the first house that I own and get 250k out for down payment.

Mich
Mich
Home Buyer
San Francisco County,...

Does this mean my partner should get pre-approved for a loan around 250k loan under his name?

Wed Oct 21 2009, 17:02 - Financing in 94066 - 2 answers
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Kyle S. Hufford
Kyle S. Hufford
Mortgage Broker
or Lender
Scottsdale, AZ

You both should apply and be pre approved for a single new mortgage loan of the 550k purchase, prior to pulling all the cash out of your property. If you need a lender to approve you and handle both of these transactions simultaneously you can visit my online application: http://www.novahomeloans.com/kyle.hufford

Sat Oct 31 2009, 17:30
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Joe Salcedo
Joe Salcedo
Broker
San Jose, CA
FIRST ANSWER

Are you married ? The reason I ask this queston is it depends on the income
you have and also your partner. ....my recommendation is to talk to a loan officers
he will tell you if you are qualified or not....if you are buying are you going to occupy.?

Sat Oct 31 2009, 14:51
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