Financing in Jonesboro : Real Estate Advice

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Keith Lewis, Real Estate Pro in Sandy Springs, GA
Keith Lewis answered:
Currently, own a property with no mortgage. Would like to get $45,000 mortgage. Market value: $90,000. Credit score 650. Any chance? should be able to get the equity out of your home. Especially if it is your primary mortgage. The others below are correct. It will also depend on your debt to income as wel ... more
0 votes Share Flag Sun Aug 21, 2011 Financing in 30236
Jerri Sims, Real Estate Pro in Clayton, NC
Jerri Sims answered:
I make 21,000 a year! How much do you think I could get approved for on a home loan? First time home buyer
This will depend on more than jut your income. You should contact a local bank or motgage broker. Usually it is about 30% of your income (after they take out for the other debt). If ... more
0 votes Share Flag Thu Jul 28, 2011 Financing in Jonesboro
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