Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in 75007 : Real Estate Advice

  • All28
  • Local Info5
  • Home Buying10
  • Home Selling3
  • Market Conditions1

Activity 3
Thu Apr 25, 2013
Dan Tabit answered:
Ivan,
Gross is used because your net will change with the additional tax write off you'll receive from having a mortgage payment. They also calculate it off the gross debt payments, car, credit cards, student loans etc, which will reduce your available funds to make a mortgage payment. ... more
0 votes 4 answers Share Flag
Thu May 8, 2014
Charles Dailey answered:
What a thoughtful question! No. They can get them funded but expect hiccups. The problem here is that hiccups can cost a boat load of money over the next 87 days. As a lender, my recommendation would be to put tight financing contingencies on every contract (even if you like the loan officer) and press the loan officers to send the closing packages out early (if they say they can't do this, they're lying). Tell the loan officers to use you as the contact for entry on all appraisals so you can know when that is getting done.

Good luck Michael. It's going to be a fun 2 minute drill!
... more
0 votes 13 answers Share Flag
Sat May 10, 2014
Dallas Texas answered:
Best have a mortgage broker review entire file. If the home dropped in value ARE you paying cash for the pool? If not then more than likely you can't receive a loan install a pool. If so the home/pool value would exceed appraised value ratio

Lynn911
... more
0 votes 6 answers Share Flag
Search Advice
Search

Followers

196