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Home Buying in Taylorsville : Real Estate Advice

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Activity 3
Thu Aug 4, 2016
E Burt asked:
Avoiding Buyers Remorse
It seems like most agents or lenders are going to share only those programs they are familiar with. I would like to find out on my own all my options. I have heard…
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Tue Jun 30, 2015
Gavin McNeal answered:
I am not a lender, but in my experience it is possible. Although, it's not so much the amount of the loan that you are applying for. The question is the LTV % (Loan to Value Ratio). How much you are putting down will have a large factor in the lenders decision. I had a client in a similar situation. Their lender required 35%. ... more
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Sun Apr 26, 2015
Brandon Bourdos answered:
Decent credit, job history in the same field or some company for two years, monthly bills (only credit cards and loans) to income ratios to fit into the banks minimum standards (typically 50% or lessof your income before taxes going to all your credit/loan bills PLUS your potential new mortgage payment), 3% down payment unless you qualify for a specialty loan 'Utah Housing' or otherwise. Although it's probably smarter to save the 3% down payment rather than using those specialty loan programs. These are the basics my friend! Good luck! ... more
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