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Financing in 60012 : Real Estate Advice

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  • Home Buying3
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Activity 2
Wed Aug 22, 2012
Steve Quintana answered:
The denying mortgage company may send you a letter explaining the basis for the denial.
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Wed Aug 22, 2012
Ryan McMahon answered:
As Suzanne stated it all depends on your income...you need to be able to swing both payments. I am a local mortgage banker and help you figure out if you qualify...I don't need to pull credit...all I need to do is figure out your total monthly income and your total monthly obligations...with your new payment and all of your obligations new to be 50% of your income. This is just a rough rule...feel free to contact me if you would like more details...take care

Ryan
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