Why not pay all your loans first.
Now you get the picture? you do not have any money left for a down payment.
You can't buy a house yet...
Just to make sure to contact a loan officer or a mortgage broker.
It does not sound like you will have any problems . I would tell you to find
yourself a mortgage professional to thoroughly analyze your needs . This is not
a black and white question and answer , it goes to your comfort level also . Try and
put a payment in mind that YOU will be comfortable in spending EVERY month . If the mortgage
payment is way above this , even though you will be told you can afford it , stick to what feels
comfortable to you .
If you plan to stay in the area of Lynbrook or the surrounding towns give me a call and
I will help you find something
I'd like to provide you with the names and cell phone numbers of 2 mortgage brokers that I consider to be the best in the field. Either one of them will be able to answer all of your mortgage questions.
Robin Silverberg: 516-972-1687
Barry Hare: 917-374-6737
If you have any other real estate questions, please don't hesitate to contact me directly by phone at (516)410-3594 or by email at Arlynn@ArlynnPalmer.com.
In the meantime, please visit my website at http://www.ArlynnPalmer.com where you will find FREE Buyer Reports, FREE School and Neighborhood Reports, my Monthly Newsletter and other valuable real estate information.
Arlynn B. Palmer, ESQ, CBR, SRES, CMS, CNS
Licensed Real Estate Agent
With your credit scores there is no reason to go the mortgage broker route. Go to the loan officer at the bank you use.
You will also need this pre-approval to make an offer on any home.
That is your best first step.
If I can help you at all, please let me know.