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Can you help me...I want to take out a mortgage to buy a restaurant

Posted on: 09th Jan, 2011 07:25 am
I am and my boyfriend from Russia. we want to come to San Diego in 2011-2012, to live. and to take out a mortgage to buy a restaurant.
please tell me how to get a mortgage, what percentage of what documents?
Thanks a lot...
Hi Shelly,

In order to get a mortgage in San Diego or any other part of the country, you should have a stable income and excellent credit scores. Apart from this, the lender will also check your debt to income ratio. Moreover, you will have to show at least two years of stable employment in order to get a mortgage.

Thanks
Posted on: 09th Jan, 2011 06:26 pm
"jameshogg"
Sorry for my English...
We must bring these documents out of Russia? or we must have worked in America for 2 years, and only then take a mortgage?
can my boyfriend get a mortgage, when he came to San Diego immediately?
we have no bad habits
My boyfriend works in Russia since 2006.
In early 2006 he was a sailor
from 2006 to 2008 was in the army (this is also how the work is like).
from 2008 to 2011 he worked at different jobs (from December 2009 to May 2010 he was a sailor).
oh...I read is good, if a person already took credit in the bank.
my boyfriend twice took the credit(not big). and he pays honestly.
will he get a mortgage when he'll come to San Diego?
From October 2010 to date, he seller.
Soon he will be a sailor for 6 months again.
I read is good, if a person already took credit in the bank.
my boyfriend twice took the credit. and he pays honestly.
will he get a mortgage when he'll come to San Diego
has he a stable income and excellent credit scores?

thanks for your hellp...
Posted on: 09th Jan, 2011 11:14 pm
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