You can qualify for a mortgage with a credit score as low as 580.
If you have a 580 or above score you would only need a minimum of a 3.5% down payment and you can even roll closing costs into the loan costs using a sellers concession. I can explain a sellers concession a bit more if you need me to.
I can lend nationwide and I'm available almost 24/7.
If you have any questions or would like any help with this you are welcome to contact me.... more
You would owe whatever principle is due on the mortgage at the time it is paid off. There is some daily interest that may be due as well if any has accrued when you payoff the mortgage. The daly interest that accrues would be based off your interest rate.
So if you owed a principle balance of $80,000 and you paid the balance the same day that you got the payoff quote from the bank you should be paying off about $80,000 and maybe some daly accrued interest if any existed, not $154,000.
I can lend nationwide but I mainly cover NY. We can lend up to 95-100% of you homes value.
If you would like help with a mortgage or have any other questions please let me know. I'm available almost 24/7.... more
In the area you are looking to buy in you can expect to put down a minimum of 3%. You are even allowed to roll some closing costs in using a "seller concession". I can explain the sellers concession a bit more if you need me to.
The programs I'm describing allow you to buy a multifamily home and allow cosignors if needed.
I can help you get a pre approval if you would like to see what you can qualify for.
I'm avialable almost 24/7.
You are welcome to contact me with any questions or if you would like help with this.... more
If the HOA governing documents require a minimum income then yes. It is to make sure that you can afford the assessments on a continuing basis. The HOA couldnt care less about the if you have a mortgage or how you pay for the unit, as long as they get paid.
Disclaimer: I am a Florida attorney and licensed Realtor. Information posted or made available on or through this site is not intended as legal advice or to create an attorney-client relationship between you and any attorney/our firm until officially retained. You should consult an attorney for advice regarding your individual situation since every case is different and not all information is relayed in an online question.... more