Posted on: 06th Feb, 2008 12:33 pm
good savings and a credit score of 735.
Jose - welcome to the forum.
Your title line did not post fully. Can you please describe your situation in a more detailed post so we can assist you.
Your title line did not post fully. Can you please describe your situation in a more detailed post so we can assist you.
I think you meant no income verification. And yes you definatley can! Let me know if you have more questions
Hi Jose,
It's good to know that you have a good amount of savings. Also, your credit is impressive. So, you have the option to choose from a wide range of offers available. But what would you be comfortable with - a fixed or an variable rate mortgage? have you thought of any option as such?
In case you are looking for a first time buyer loan options, you can go through a previous discussion held by our community.
Good luck
It's good to know that you have a good amount of savings. Also, your credit is impressive. So, you have the option to choose from a wide range of offers available. But what would you be comfortable with - a fixed or an variable rate mortgage? have you thought of any option as such?
In case you are looking for a first time buyer loan options, you can go through a previous discussion held by our community.
Good luck
If you want no income documentation loan you will likely need 25% downpayment on the home you buying
lovely question, jose. there isn't much clarity there, though. yes, indeed you need a social security number and a driver's license is always handy, too; but you will need a little more than that to get a mortgage.
honestly, your credit score and "good savings" mean more than anything else. if, as everyone surmises, you are seeking a no verification loan, then you may very well be in good shape for such a loan.
a little more information is essential for us to provide you with the most solid of answers, however.
honestly, your credit score and "good savings" mean more than anything else. if, as everyone surmises, you are seeking a no verification loan, then you may very well be in good shape for such a loan.
a little more information is essential for us to provide you with the most solid of answers, however.
I was wondering if I can get a mortgage loan. I do not have a job at this time, I get SSI, I am visually impaired. Please let me know any information that can be beneficial in helping me.
Thanks
Chasity
Thanks
Chasity
Hi Chasity!
I think you should try for a reverse mortgage if you are 62 years old. This is a good option in your case. To know more about reverse mortgage, check out the information available here:
http://www.mortgagefit.com/reverse.html
Thanks,
Jerry
I think you should try for a reverse mortgage if you are 62 years old. This is a good option in your case. To know more about reverse mortgage, check out the information available here:
http://www.mortgagefit.com/reverse.html
Thanks,
Jerry
jerry, i don't understand how you made a leap to discussing a reverse mortgage for chasity. nowhere in her post do we find that she mentions currently owning a home. do you have inside information?
chasity...that you are a social security recipient is not necessarily held against you. what counts here is how much that income is, compared to how much debt you have and will have when obtaining a mortgage (debt ratio). also, of course, your credit is an essential component, as would be your assets.
there is no specific reason why you couldn't obtain a mortgage, but truly, we don't have sufficient information to respond accurately.
chasity...that you are a social security recipient is not necessarily held against you. what counts here is how much that income is, compared to how much debt you have and will have when obtaining a mortgage (debt ratio). also, of course, your credit is an essential component, as would be your assets.
there is no specific reason why you couldn't obtain a mortgage, but truly, we don't have sufficient information to respond accurately.