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Financing in Overland Park : Real Estate Advice

  • All112
  • Local Info7
  • Home Buying29
  • Home Selling4
  • Market Conditions5

Activity 3
Mon Jan 30, 2012
Shelly Christ answered:
Thu Dec 16, 2010
Scott Godzyk answered:
Ususally no, they will look at what you owe and what it is worth and will want you to have 20% in equity, then you will not need an additional down payment as long as you meet credit guidelines. you will want to provide a proof you have been paying your existing mortgage ontime.

You should meet woth a local and trusted mortgage company, they can guide you through the process.

Please see my blog with tips and advice on getting a mortgage in todays market
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Wed Feb 3, 2010
Dallas Texas answered:
Up to lender if they would allow you to obtain a loan. If you have two judgements against you these debt collectors might lien your home, lender shy away from this type of mortgage file.

It depends on collector if you can make a payment plan. Best resolve those issues prior moving forward.

Good luck

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