Financing in Stoughton : Advice

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Teri Rugeley, Real Estate Pro in Charleston, WV
Teri Rugeley answered:
My boyfriend and I are currently looking to buy a new contruction that is being built now. When can we start getting it apprasied?
The appraisal won't be ordered until you have the house in contract, applied for your loan and lock in your rate. At the loan application you will be ask to put up some money to p ... more
0 votes Share Flag Fri Apr 29, 2011 Financing in Stoughton
Gerard Dunn, Real Estate Pro in Potomac, MD
Gerard Dunn answered:
my income is rental of rooms and I get 3600 per month. no credit card bills. how much mortgage can i get modified to, my mortgage is 1604 mo.?
Much depends upon how much "Shows Up" on your tax returns.

You will have to provide income taxes to show your income. The banks will look at "Net Income" when c ... more
0 votes Share Flag Sun Nov 7, 2010 Financing in Stoughton
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